Leeyo’s market-leading revenue automation software implements in-memory high performance processing module to address big data demands
SAN JOSE, CA, August 19, 2016 – Leeyo Software today announced a new benchmark of one million transactions processed in under 60 minutes through RevPro®, their flagship product for the revenue automation solution. The new high-water mark is the latest achievement in an ongoing effort to improve operational efficiency and speed seamlessly handling massive volumes becoming the norm in today’s subscription-centric marketplace.
This million transaction marker demonstrates Leeyo’s investment in significant resources in technology to crunch big numbers swiftly is paying dividends. The pioneering revenue automation firm correctly anticipated the need to effectively handle high volumes in a market trending toward a subscription-based model requiring speed and flexibility to automate and deliver key insights.
“Chegg is pleased to partner with Leeyo because of their ability to handle transactions at scale, particularly on our busiest days during the back-to-school rush,” said Gerard Genesse, Director of Financial Systems, Processes and Controls for educational resource firm, Chegg – a Leeyo client. “RevPro can handle this with ease, which is critical to our ability to close our books accurately and rapidly.”
With an exponentially expanding base of SaaS customers, all of whom deal in millions and millions of transactions, Leeyo understands as well as any organization the importance of big data processing algorithms in order to respond. Corporate finance teams expect their revenue processing systems to handle such huge volumes and scale accordingly while the industry leans more toward a subscription business model.
The company is staying ahead of this trend by incorporating in-memory, multi-threaded processing, architectural and infrastructure improvements and code optimization. Transaction volumes which required a full day or more to process end-to-end now are handled in a matter of hours.
Previous benchmarks in have included half a million transactions processed end-to-end in under an hour, a 60 percent gain on existing performance at that time.
Leeyo continues to lead the market in revenue automation innovation, having been the first to market with a product in compliance with ASC 606, “Revenue from Contracts with Customers,” the newly converged revenue guidance announced by the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB).
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.
Contact: Matt Ream