Aptitude Revenue Recognition Engine
5.4#21 in revenue recognition softwareAPI
Visit| Fact | Aptitude Revenue Recognition Engine | Flowrev |
|---|---|---|
| Headquarters | London, United Kingdom | LinkedIn lists headquarters in Portland, Oregon. |
| Purpose | ARRE connects existing general ledgers and source systems to help enterprises comply with ASC 606 and IFRS 15. | Flowrev is an online cost and revenue recognition solution for subscription, SaaS, usage-based, percentage-complete, milestone and other business models. |
| Recognition rules | Finance users can define, apply, and control recognition rules through business user interfaces and a rules-based data preparation layer. | Schedules can use once, monthly, quarterly, yearly or custom cadences and per-diem, even-period, percent or template computations. |
It is intended for enterprises handling revenue recognition under ASC 606 or IFRS 15, particularly telecommunications providers with high transaction volumes. Aptitude directs organizations with lower transaction volumes to RevStream.
Flowrev may suit organizations that recognize revenue or costs across subscriptions, usage, milestones, or other listed business models. Its listed use cases include SaaS, membership organizations, construction, education, travel, and real estate.