#United States #Santa Clara #Revenue Recognition #OneBill #RevRec360

OneBill Introduces RevRec360™

On August 6, 2025, OneBill—a well-known platform specializing in cloud-based billing and monetization—announced the debut of RevRec360™, a next-generation solution aimed at revolutionizing revenue recognition and compliance operations. This innovative offering is crafted specifically for finance teams dealing with intricate revenue models, providing them with the precision, automation, and transparency they require.

The landscape of revenue recognition has been marred by traditional processes that often depend on manual labor, fragmented systems, and associated compliance risks. RevRec360™ addresses these issues head-on by offering an integrated framework that meets global standards, such as ASC 606 and IFRS 15. By adhering to the standardized five-step model of revenue recognition, it ensures that accuracy and consistency are maintained throughout the entire process:

1. Identify contracts with customers.
2. Identify performance obligations within each contract.
3. Determine the transaction price.
4. Allocate the price to each performance obligation.
5. Recognize revenue as each obligation is satisfied.

CEO's Vision

“RevRec360™ represents a logical growth of our platform’s mission—eliminating operational inefficiencies and providing businesses with complete oversight regarding their revenue lifecycle,” stated JK Chelladurai, the Founder and CEO of OneBill. “This launch aims to extend the same level of flexibility and automation to revenue recognition that our clients have consistently depended on for billing and monetization.”

Key Features of RevRec360™

Several standout features accompany the release of RevRec360™:

• - Built-in Compliance: This feature seamlessly aligns with ASC 606 and IFRS 15, guaranteeing accurate revenue recognition while making audit preparation simpler.

• - Automated Recognition: The solution enables users to implement the five-step model with confidence and control, thus optimizing workflows.

• - Audit-Ready Transparency: Organizations can effortlessly capture, document, and verify revenue events through comprehensive reports. The integration with accounting and ERP systems streamlines reconciliation and financial reporting processes.

• - Proven Scalability: RevRec360™ is equipped to handle high transaction volumes while sustaining accuracy in complex revenue scenarios.

• - Flexible Integrations: The platform allows connection to various systems, including billing, CRM, ERP, accounting, and payment solutions via open APIs. This integration facilitates real-time synchronization of contract, billing, payment, and financial data to ensure accuracy across the board.

About OneBill

OneBill works to empower businesses through its cohesive suite of services designed to simplify billing and revenue management. It automates order fulfillment, boosts subscription growth, enables revenue recognition, and minimizes customer churn—all within a unified platform. With nine seamlessly integrated products, OneBill offers a holistic solution for managing all aspects of revenue operations.

For further information about RevRec360™, please visit RevRec360™ by OneBill. For media inquiries, reach out to Barathi Balakrishnan, VP of Marketing at OneBill, at [email protected] or call at +1 844-462-7638.