REDWOOD SHORES, Calif., Nov. 10, 2015 /PRNewswire/ -- RevStream, Inc., the leading cloud-based software for revenue recognition lifecycle management, announced today that Enterprise SaaS customers, Intuit and Activision, have chosen RevStream's unified platform for revenue recognition automation and reporting over Oracle, SAP and NetSuite.
As publicly traded, multi-billion dollar companies, Intuit and Activision recognize the importance of scrapping error-prone manual processes and utilizing a revenue automation tool like RevStream to maintain their financial integrity.
"We got to this point where we realized, 'You know what? This is only going to get harder,'" says Akshay Srivastava, Director of Finance Systems at Intuit. "Spreadsheets and manual work have their associated downsides in terms of errors you can make. For a company our size, +$4 billion in revenue, to be able to automate this and not have to do this manually is a huge win for the company."
Adding to the list of wins that Enterprise SaaS companies gain is the unparalleled configurability of RevStream's software to grow with fundamental business model changes. As Intuit moves from a desktop to subscription-based business model, Intuit's finance team leverages the RevStream automation solution to go to market faster.
"RevStream has freed my team and I to do more for Intuit because we're now thinking about possibilities around how we can help support the needs of the business, versus just thinking about how much manual work it might be to account for some of the things they want to do," says Lauren Holt, Director of Corporate Accounting and Reporting at Intuit.
Activision is also on the move with RevStream, transitioning from boxed products to digital products with the flexibility to automate their revenue recognition at regional and global levels, including foreign exchange translations to global currencies for consolidated revenue recognition.
"With RevStream, the team at Activision can do the work of approximately 5 times the head count, reducing month and period end closes from 15 days down to 4 hours."
As a reliable source of truth for all revenue data and calculations, RevStream is the number one solution for Enterprise SaaS companies. RevStream hosts public demos twice a month. To learn more, visit www.revstreamone.com/events.
RevStream, Inc., based in Redwood Shores, Calif., is the leader and market innovator in Enterprise Revenue Lifecycle Management. RevStream provides companies across a wide range of industries with a powerful cloud-based platform for managing and automating revenue recognition, reporting and delivering revenue insights that empower more effective forecasting, compliance planning and decision-making. It is the enterprise standard for revenue management for several of the top Fortune 500 companies.
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SOURCE RevStream, Inc.