Received
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Received is a specialized B2B Billing & Revenue Management platform designed for businesses with complex contracts and recurring revenue models. It automates critical financial operations, from intricate invoicing and advanced revenue recognition to real-time reporting, ensuring compliance and optimizing cash flow. The platform empowers finance and revenue operations teams to streamline processes, eliminate manual errors, and gain deep, actionable insights into their financial performance, fostering sustainable growth and improving profitability for high-growth companies.
Why was this tool discontinued?
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What It Does
Received automates the entire B2B billing lifecycle, encompassing complex invoicing, subscription management, and ASC 606/IFRS 15 compliant revenue recognition. It seamlessly integrates with existing ERP and CRM systems to provide a unified, accurate view of financial data. This enables businesses to efficiently manage diverse recurring revenue models, accelerate financial closes, and maintain regulatory compliance.
Pricing
Pricing Plans
Tailored solution for B2B enterprises with complex billing and revenue management needs, offering comprehensive features and dedicated support.
- Automated Complex Billing
- Advanced Revenue Recognition (ASC 606/IFRS 15)
- Centralized Contract Management
- Real-time Financial Analytics
- Payment Orchestration
- +2 more
Core Value Propositions
Automate Complex Financial Ops
Streamlines invoicing, billing, and revenue recognition for intricate B2B contracts, drastically reducing manual errors and operational overhead.
Ensure Revenue Compliance
Automates adherence to ASC 606 and IFRS 15, providing audit-ready reports and eliminating compliance headaches for finance teams.
Optimize Cash Flow & Growth
Provides real-time insights and tools to maximize cash collection, minimize churn, and identify opportunities for revenue expansion.
Gain Unified Financial Visibility
Centralizes contract data and financial metrics, offering a comprehensive view of revenue performance and forecasting capabilities.
Use Cases
Automating Subscription Billing
A B2B SaaS company uses Received to automatically bill customers based on their subscription tier, usage, and any custom contract terms, ensuring accuracy and timeliness.
Ensuring Revenue Recognition Compliance
Finance teams leverage Received to automatically defer and recognize revenue for complex, multi-element contracts in accordance with ASC 606 and IFRS 15 standards.
Managing Complex Enterprise Contracts
Businesses with bespoke enterprise contracts utilize the platform to centralize contract terms, track amendments, and automate billing schedules, preventing revenue leakage.
Optimizing Cash Flow Forecasting
CFOs and finance leaders use Received's real-time analytics and reporting to accurately forecast recurring revenue and cash flow, aiding strategic financial planning.
Streamlining Revenue Operations
Revenue operations teams use the platform to manage customer renewals, upgrades, and downgrades efficiently, ensuring smooth transitions and accurate billing adjustments.
Technical Features & Integration
Automated Complex Billing
Handles diverse billing models like subscriptions, usage-based, and hybrid contracts, automating invoice generation and payment processing for B2B complexities.
Advanced Revenue Recognition
Ensures compliance with ASC 606 and IFRS 15 by automating revenue deferrals, recognition schedules, and associated journal entries.
Centralized Contract Management
Provides a single source of truth for all customer contracts, tracking amendments, renewals, and key terms to prevent revenue leakage.
Real-time Financial Analytics
Offers dynamic dashboards and reporting tools for insights into ARR, churn, cash flow, and other vital financial metrics.
Flexible Payment Orchestration
Integrates with various payment gateways to streamline collections, manage dunning, and support multiple payment methods.
ERP & CRM Integrations
Seamlessly connects with existing financial and operational systems like Salesforce, NetSuite, and Sage Intacct for a unified data flow.
Target Audience
Received is designed for B2B enterprises, particularly SaaS companies and businesses with intricate recurring revenue models, complex contracts, and usage-based pricing. It primarily benefits CFOs, finance teams, revenue operations professionals, and accounting departments seeking to automate, optimize, and ensure compliance in their financial processes.
Frequently Asked Questions
Received is a paid tool. Available plans include: Custom Enterprise Solution.
Received automates the entire B2B billing lifecycle, encompassing complex invoicing, subscription management, and ASC 606/IFRS 15 compliant revenue recognition. It seamlessly integrates with existing ERP and CRM systems to provide a unified, accurate view of financial data. This enables businesses to efficiently manage diverse recurring revenue models, accelerate financial closes, and maintain regulatory compliance.
Key features of Received include: Automated Complex Billing: Handles diverse billing models like subscriptions, usage-based, and hybrid contracts, automating invoice generation and payment processing for B2B complexities.. Advanced Revenue Recognition: Ensures compliance with ASC 606 and IFRS 15 by automating revenue deferrals, recognition schedules, and associated journal entries.. Centralized Contract Management: Provides a single source of truth for all customer contracts, tracking amendments, renewals, and key terms to prevent revenue leakage.. Real-time Financial Analytics: Offers dynamic dashboards and reporting tools for insights into ARR, churn, cash flow, and other vital financial metrics.. Flexible Payment Orchestration: Integrates with various payment gateways to streamline collections, manage dunning, and support multiple payment methods.. ERP & CRM Integrations: Seamlessly connects with existing financial and operational systems like Salesforce, NetSuite, and Sage Intacct for a unified data flow..
Received is best suited for Received is designed for B2B enterprises, particularly SaaS companies and businesses with intricate recurring revenue models, complex contracts, and usage-based pricing. It primarily benefits CFOs, finance teams, revenue operations professionals, and accounting departments seeking to automate, optimize, and ensure compliance in their financial processes..
Streamlines invoicing, billing, and revenue recognition for intricate B2B contracts, drastically reducing manual errors and operational overhead.
Automates adherence to ASC 606 and IFRS 15, providing audit-ready reports and eliminating compliance headaches for finance teams.
Provides real-time insights and tools to maximize cash collection, minimize churn, and identify opportunities for revenue expansion.
Centralizes contract data and financial metrics, offering a comprehensive view of revenue performance and forecasting capabilities.
A B2B SaaS company uses Received to automatically bill customers based on their subscription tier, usage, and any custom contract terms, ensuring accuracy and timeliness.
Finance teams leverage Received to automatically defer and recognize revenue for complex, multi-element contracts in accordance with ASC 606 and IFRS 15 standards.
Businesses with bespoke enterprise contracts utilize the platform to centralize contract terms, track amendments, and automate billing schedules, preventing revenue leakage.
CFOs and finance leaders use Received's real-time analytics and reporting to accurately forecast recurring revenue and cash flow, aiding strategic financial planning.
Revenue operations teams use the platform to manage customer renewals, upgrades, and downgrades efficiently, ensuring smooth transitions and accurate billing adjustments.
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