Shopping and Media Trendsetter POPSUGAR Deploys Leeyo’s Cloud-Based RevPro Revenue Recognition Automation
RevPro simplifies all aspects of revenue and COGS management, computes and manage multiple element arrangements over revenue life and produces faster period-end close
SANTA CLARA, CA – Leeyo Software, a pioneer of revenue cycle automation software, announced today that online shopping and culture trendsetter POPSUGAR has deployed Leeyo’s RevPro in the cloud. Enterprises across a broad spectrum of industries are seeking revenue recognition automation solutions in response to constantly changing accounting guidance and the ever-increasing need for business agility and market responsiveness. POPSUGAR’s growing portfolio of commerce brands generates a combined half-billion dollars in annual revenue.
POPSUGAR, “where content and commerce collide” is a global media and technology company delivering news, trends and tips in entertainment, fashion, beauty, fitness, and food, offering the ability to shop for it all, in one place. POPSUGAR’s growing portfolio of commerce brands includes ShopStyle, the leading fashion search engine, and POPSUGAR Must Have, a monthly subscription box featuring editor-curated products. POPSUGAR draws over 20M users worldwide, 50M live and on-demand video views per month, and half a billion dollars in annual retail revenue.
“Implementing RevPro has been a significant step not only in meeting our most demanding internal and external revenue-related accounting requirements, but is allowing us to build smarter decisions paths for the future, based on the fact that we know we’ll have access to more accurate information, and have it faster,” said Rachel Wong, Controller for POPSUGAR. “The team at Leeyo grasped our needs and challenges immediately, and delivered on every requirement we called out.”
Leeyo helps companies automate and manage all key revenue recognition requirements, and help them meet the demands of rapidly changing domestic and international accounting guidance. Over the last several years, significant changes in accounting guidance has forced most corporate accounting professionals to use unwieldy, customized PC-based spreadsheets to track, allocate and manage their revenue and COGS. This difficulty has been compounded by the fact that the leading ERP systems have not responded to these changes, and have not included capabilities to meet complex accounting and regulatory requirements that govern multiple element arrangements. RevPro automates and manages every process in the revenue cycle – seamlessly integrating into any ERP system to deliver unparalleled visibility, functionality and configurability to the revenue recognition and reporting process.
“We’ve watched the growth of POPSUGAR with some fascination. A number of us at Leeyo are big fans, following, reading and buying based on what they see and hear, so our first meeting with them was a little like meeting a celebrity,” said Patrick Glenn, vice president of Marketing and Business Development at Leeyo Software. “It turned out that the challenges they face are not unlike those of our other customer; breaking free of manual, homemade system, automating revenue processes, give greater revenue visibility to the rest of the organization…we’ve helped them meet all these needs.
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.
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Contact: Matt Ream