Revenue Recognition
Automated revenue recognition process, no matter how complex the transaction set or how high the volume.
BluIQ’s revenue recognition engine helps you close the books today, not next month, confidently and without spreadsheets. By connecting catalog, order, invoicing and allocation, BluIQ automates and expedites the revenue recognition process in compliance with ASC 606 standards.
With BluIQ, you create an enterprise-grade process for revenue recognition accounting, custom designed for your volume and level of complexity, that meets ASC 606 and IFRS 15 requirements, streamlining your compliance, with easy, fast compliant and informative processing every close.
BluIQ is definable across multiple facets, including rules, mapping requirements between charges and your GL accounts, period or any other facet you need.
Don’t get tied into other platforms idea of what revenue recognition should be. With BluIQ Cloud Extensibility Platform, it’s your system, your way.
Automated and Intelligent
- Automated Revenue Recognition (ASC 606 & IFRS 15)
- Inheritance of Catalog, Billing and Contract Management Rules Across Tiers
- Compliant with GAAP and IFRS15, with out-of-the-box financial reports simplifying compliance with accounting standards
- Margin Analyzer with Detailed Cost Analysis
- Multiple Billing Entities Management
- Deferred Revenue Reporting
- Managed Real-time Variations Post-order including, suspensions, seasonal billing, price variables and more
BluIQ - Your system, Your Way
- Unlimited configurable recognition rules.
- Your recognition, your timeline. With BluIQ you can recognize earned revenue on a daily basis, and aggregate to any time period you want.
- Configure your recognition schedules the way you want, and BluIQ applies revenue rules
Full GL Support for Recognition of Transactions
- Define the rules and mapping requirements between the customer charges and your general ledger accounts as you would like them.
- Get automatically calculated consolidated journal entries to close the books quickly and accurately.
- Work with a complete view in your preferred system by consolidating your journal entries with two-way general ledger sync.
Get beyond basic billing with a monetization
solution built for any scenario.
BluLogix delivers a subscription, usage-based, and consumption billing platform
that accelerates revenue growth, enables digital transformation, and empowers channels.
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