In revenue accounting parlance, Proximex sells Software, Support and Services.
SOP 97-2, SAB 104
Moving revenue recognition from spreadsheets to an automated system is a huge benefit for me and my team as Revenue Edge completely eliminates manual calculations.
With a few clicks, Opportunities turn into Orders and deferred revenue and revenue details get calculated. Their seamless integration to FinancialForce is a huge plus for us as Journal entries post directly to the GL without any additional work. The system generates deferred balance reports by opportunities and by deferred categories, and these reports are very essential for managing our revenue forecast.
I am extremely happy with integration and efforts from Revenue Edge’s team in making our job easy. Their support is truly outstanding. They were very focussed on our requirements throughout and really beat expectations. I highly recommend the solution to any Company looking to automate revenue recognition and/or revenue forecasting. As a Controller of a software company, I really appreciate the value that Revenue Edge delivers to us.
-Alec Lin, Controller