Cloud technology firm enlists Leeyo’s industry-leading technology to automate revenue processing
Leeyo Software, the leading provider of revenue cycle automation software, today announced that Bottomline Technologies has selected RevPro® to automate their worldwide revenue recognition and management processes.
Bottomline Technologies powers mission-critical business transactions. Bottomline’s solutions help their customers optimize financially-oriented operations and build deeper customer and partner relationships by providing a set of cloud-based digital banking, fraud prevention, payment, financial document, insurance and healthcare solutions.
“Bottomline Technologies is a world-class organization with ever-evolving global requirements for revenue recognition capabilities, and we’re thrilled with this opportunity to work together toward a top-of-the-line revenue management solution for them,” said Jagan Reddy, Leeyo Founder & CEO. “We are pleased to welcome Bottomline to a growing group of clients who are implementing the new ASC 606 standard.”
The latest version of our flagship product, RevPro, is the first revenue automation tool to market in compliance with the newly converged revenue guidance announced last year by the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB), ASC 606 and IRFS 15, “Revenue from Contracts with Customers.”
“We needed a world-wide revenue management solution capable of handling not just where we are today, but where we’re headed,” said Eric Morgan, Senior Vice President, Global Controller of Bottomline. “Leeyo’s powerful combination of technology and expert resources made them the clear choice.”
With a growing global presence and over 10,000 corporations, financial institutions and banks benefitting from its technology solutions, Bottomline found RevPro to offer the flexibility and scalability necessary to adapt current and prospective revenue guidance to their expanding business model and while providing broad integration options for the future.
Leeyo’s next-generation revenue recognition software rescues companies and revenue teams of all sizes from the chaos of today’s manual data entry or customized processes. Leeyo’s RevPro – the most complete revenue recognition software suite on the market – automates and manages every process facing a revenue team – seamlessly integrating with the quote-to-cash processes of any ERP system to deliver unparalleled visibility, functionality and configurability to the revenue recognition and reporting process. Learn more about Leeyo and RevPro at www.leeyo.com.
See this release on PR Web: http://www.prweb.com/releases/2016/03/prweb13273286.htm