In revenue accounting parlance, Silver Peak sells Software, Hardware with embedded Software, Support and Services.
SOP 97-2, EITF 09-3, SAB 104
We were looking for a solution to automate revenue and eliminate spreadsheets. We went through a thorough evaluation process with several vendors and selected Revenue Edge. Their demos gave us the confidence that the solution could handle our complex revenue recognition scenarios. No other solution came close in terms of functionality to handle allocations and contingent revenue automation for hardware & software multi-element arrangements. We were very impressed with their flexibility and approach to solving our revenue needs.
We are extremely happy with our decision. They met our requested go-live date, which included integration to our accounting system. We were able to close revenue in a fraction of the time that it usually takes us. We are impressed with the automation as well as the visibility Revenue Edge provides into all the calculations and results.
In my 25 years of experience, I would say that this is one of the smoothest implementations I have seen especially given the complexity with revenue automation. Their architecture seems to give the ability to configure the solution to handle any number of scenarios with ease.
Richard Marqueling, VP-Finance – Silver Peak Systems