Accurate Revenue Planning for Growth
In Budget Maestro, budgeting and forecasting software, you can plan sales by customer types, define the length of the license and Budget Maestro computes the revenue to be recognized in the appropriate periods which is very difficult to do on a manual basis using spreadsheets. This model dramatically simplifies the complex series of calculations and easily integrates the revenue forecast as you layer multiple contracts over multiple months and years.
Do you have to comply with the Sarbanes-Oxley Act? Are you planning any mergers or acquisitions? Developing revenue recognition schedules using spreadsheets is very confusing and labor intensive to build and maintain. It requires several workbooks that are linked together by formulas. If you change data in one workbook, there is no way of knowing whether these changes have been updated throughout the model. Troubleshooting the correctness of these formulas takes a tremendous amount of manual effort.
Budget Maestro automates and streamlines inefficiencies and enhance compliance controls for:
- Royalties, maintenance recurring subscriptions and support contract renewals
- Revenue forecasting
- Professional services
Budget Maestro enables you:
- Easily layer multiple, multi-month contracts (2 months to 10 years out)
- Create custom schedules
- Automatically calculates portion of revenue to be recognized per month and assigns the balance to a liability
- Synchronizes the P&L, Balance Sheet and Cash flow statements to truly reflect the impact of deferred revenue schedules on the business