Revenue Recognition

Automate the entire revenue management process to save time and decrease reliance on spreadsheets.
Reduce errors and enable accounting personnel to focus on other tasks by utilizing standardized allocations, rules-based revenue schedules, and effortless exemption management.
Enhance forecast accuracy with real-time updates on committed, deferred, and recognized revenue.
Automatically adjust deferred revenue and update contract balances based on actual billings and earned revenue totals.
Empower finance professionals to efficiently handle revenue recognition, minimizing manual effort and eliminating errors.
Obtain real-time visibility into revenue streams, leverage comprehensive dashboards and analytics, and make well-informed decisions based on accurate and up-to-date financial data.
Seamlessly integrate, effortlessly navigate the user-friendly interface, and let automation handle revenue calculations, allocation, and reporting.

Revenue Allocations

Achieve unparalleled accuracy in revenue allocations with our intuitive Revenue Allocation solution. Define standalone selling prices effortlessly using either constant or dynamic formulae, making pricing management a breeze. Our advanced system automatically allocates revenue across all contract elements, ensuring compliance with sophisticated, user-defined rules. No more manual calculations or errors - our platform handles it all, seamlessly distributing revenue based on your specifications. Adjust allocations retrospectively or prospectively without any hassle, seamlessly incorporating contract additions, changes, or cancellations. Leverage the power of precision and efficiency with Revenue Allocations for effective revenue management.

Streamline the intricacies of revenue allocation by leveraging a blend of constant or dynamic formulas, allowing you to regain control of your revenue management. Informed financial decisions can be made effortlessly, resulting in maximized profitability.
Seamlessly adjust allocations in advance or retrospectively, effortlessly accommodating contract modifications, additions, or cancellations.
Take charge of your revenue management, make well-informed financial decisions, and drive profitability to new heights.

Business Rules

Maximize revenue accuracy and streamline your financial processes with our advanced business rules and schedules. By incorporating performance obligations, project milestones, and other revenue triggers into the revenue plan established for each contract, our software guarantees precision in revenue recording. Irrespective of your preferred revenue recognition method, be it subscription-based, fulfilment-dependent, project completion-based or time- and materials-based pricing models, our comprehensive approach has got you covered.

Include performance obligations, project milestones, and other revenue triggers in your revenue plan for each contract.
Accurately record revenue and cater to different revenue recognition methods such as subscription-based, fulfilment-dependent, project completion-based, and time-and-materials-based pricing models.
Enhance the advantages of our solution by confidently recognizing revenue in compliance with industry standards and regulations.

Revenue Plan

Experience the next level of revenue planning, the intelligent feature designed to simplify complex calculations and enhance accuracy. No more painstaking manual updates or risks of errors – Modify takes care of it all. Update revenue plans effortlessly, either individually or in bulk, and watch as the totals are automatically adjusted, saving you valuable time and effort. Whether you only need to modify specific periods or prefer to make changes to the entire plan, Modify has the versatility to meet your requirements. Adjustments like catch ups or claw backs can be easily incorporated, ensuring precise financial management.

Simplify the process of updating totals, whether for individual plans or in bulk, and eliminate the burden of manual errors and the laborious task of implementing changes manually.
Easily incorporate updates for specific time periods or the entire plan, including adjustments like catch ups or claw backs, offering utmost flexibility and convenience.
Precisely document revenue by integrating performance obligations, project milestones, and other revenue triggers into the revenue plan for each contract, ensuring accurate recording.

Forecasting

Elevate your revenue forecasting game with our advanced Forecasting feature. Unlock the potential to enhance accuracy in your projections by leveraging real-time data. Seamlessly track and update revenue as it is recognized, ensuring refinement and precision. Our intelligent system automatically generates custom forecasting plans for each contract, utilizing the revenue recognition schedule aligned with it. Experience the power of intelligent forecasting and take your business growth to new heights.

Generates forecast plans for each contract, utilizing the associated revenue recognition schedule.
Gain deep insights into your business's financial performance and make well-informed business decisions.
Maximize your planning efficiency and drive growth with our revolutionary forecasting feature.

Dashboard & Reporting

Revolutionize your financial management with our secure platform's remarkable features. Our seamless and efficient dashboard offers an effortless way to access and analyze planned and actuals data. No longer will you need to manually adjust deferred revenue and update contract asset balances. Our advanced system automates these tasks, effortlessly synchronizing them based on actual billings and revenue totals. This eliminates the potential for errors and ensures a seamless workflow. Furthermore, our drill-through capabilities empower your finance team and business managers to explore the intricacies within actual billing vs. revenue variances, enriching their understanding and boosting their decision-making abilities. Simplify your financial processes and unlock new insights with our exceptional solution.

Maximize the capabilities of user-friendly data visualization tools and enjoy a streamlined and collaborative reporting journey.
Transform the realm of financial and management reporting by offering a seamless, step-by-step method to define, create, review, and distribute reports with utmost efficiency.
Delve into the depths of your data effortlessly with our drill-through functionalities, enabling comprehension of crucial elements such as budget disparities and actual variations for enhanced insights.

Our implementation strategy is designed to ensure that your business operations undergo a swift and seamless transformation, resulting in faster time to value. Our experienced consultants utilize a structured approach that combines extensive industry knowledge with the latest implementation techniques. This enables you to expedite the deployment of our powerful solution and experience a rapid return on investment.

Through our streamlined process, you can optimize productivity and streamline business processes with minimal disruption. We have consolidated the expertise gained from global deployments into a set of leading practices, providing a clear path to success and delivering rapid business value.

With Nirmalya, you can confidently expect to go live within a predictable timeframe through smart, stepped implementations.

Nirmalya offers its services to companies of all sizes, including startups, fast-growing businesses, medium-sized enterprises, large corporations, and non-profit organizations. We assist these companies in streamlining their operational capabilities without the need for significant capital and operational expenditures. By eliminating the burden of maintaining an Enterprise Resource Planning system, which typically involves investments in manpower, hardware, and software, we help companies focus on their core activities.

Our collaboration with companies involves an initial setup fee for implementation, followed by an annual license fee based on the modules chosen by the customer for implementation. As businesses expand, customers have the flexibility to incorporate new modules as needed.