AI-Powered, Automated, All-in-One
Billing and Revenue Management
NextClerk offers an intelligent, automated solution for seamless billing and revenue management. Our all-in-one platform ensures ASC606 compliance, integrates with CRM systems, and provides real-time revenue calculations and journaling. Automate billing, manage collections, and maintain precise financial records and filing effortlessly.
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Seamless and Automated ASC606 Revenue Management
Effortlessly integrate with your CRM of choice for real-time, automated revenue recognition and compliance. Enhance accuracy, reduce manual effort, and ensure compliance with ASC606 standards, all while gaining comprehensive insights into your revenue streams.
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STEP 1
Identify the Contract
Smart contract analysis ensures an agreement creates enforceable rights and obligations under ASC606.
Start Date
End Date
TCV
Terms
STEP 2
Identify the Performance Obligation
Determining distinct goods or services promised in a contract under ASC606 ensures that each obligation is separately accounted for, utilizing various revenue recognition methods based on multiple release events
Upon Billing
Upon Event
Upon Delivery
Upon Contract Execution
Upon Manual Release
STEP 3
Determine the Transaction Price
NextClerk seamlessly manages multiple obligations with varying pricing arrangements within a single contract.
STEP 4
Allocate the Transaction Price
Our easy-to-use interface allows setting up SSP and applying it across contracts seamlessly.
Revenue Recognized
Versatile Revenue Models Supported
NextClerk can handle a variety of contract scenarios and calculate the revenue accordingly
Ratable
Based on the line duration, the Ratable Method specifies how revenue is amortized. When creating a POB template, you can select from the following default ratable methods :
- Ratable Delivery Date
- Ratable Invoice Date
- Ratable Contract Date
Experience Automated and Effortless Billing and Revenue Management
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