REDWOOD SHORES, Calif., Feb. 29, 2016 /PRNewswire/ -- RevStream, Inc., the leading cloud-based platform for revenue recognition automation, announces today that their customer, LegalZoom, a trusted technology platform that gives the world access to expert legal advice, is now able to reduce their month end revenue accounting cycle time by 50% and improve visibility into their revenue numbers for real time analysis with RevStream.
LegalZoom was in need of a solution to replace their legacy revenue management system; a process that was highly manual, time consuming, prone to human error, and did not give their team enough visibility into deferred revenue numbers each month. LegalZoom selected RevStream to replace this system for its automation of revenue recognition, transparent capabilities around control, and configurations that are scalable for rapid business growth.
"Our legacy system did not provide the speed and automation we need to run our dynamic business," says Gary Mark, Director of Revenue Accounting at LegalZoom. "Now, with RevStream, we have a completely transparent system that easily understands our product mix."
Since implementing RevStream, LegalZoom is able to publish new, real time, deferred and recurring revenue reports on a daily basis, compared to their legacy process that took three weeks to produce one simple analysis.
"The ability to close the numbers more quickly every month-end with real time visibility into our future revenue stream, and the capacity to perform ad hoc analysis allows me to react and make quicker decisions than before," says Peter Oey, LegalZoom's Chief Financial Officer.
To learn more about how RevStream enables complete visibility into revenue numbers throughout the entire revenue lifecycle, visit www.revstreamone.com/schedule-demo.
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. Check us out at www.revstreamone.com.
LegalZoom is a trusted technology platform that gives the world access to professional legal advice. As the nation's leading provider of online legal solutions, LegalZoom enables and empowers millions of people to secure and protect what matters most to them. From helping to start new businesses to assisting in protecting families, LegalZoom is at the vanguard of delivering simplified and efficient legal help to its customers. Since its founding over 15 years ago, LegalZoom continues to expand its presence both in the U.S. and in Europe. For more information, please visit legalzoom.com.
SOURCE RevStream, Inc.; LegalZoom