The most recent version of RevPro allows customers to parallel report in both existing and new guidance instances for dual reporting and guidance comparison.
San Jose, CA (PRWEB) April 12, 2016
Leeyo Software, the market leader in revenue cycle automation, announced today that smart storage provider, Tintri, has deployed the cloud-based solution of the firm’s flagship product, RevPro®. In an ever evolving climate of changing accounting guidance and agile business solutions, Tintri is the latest forward-thinking enterprise to join the more than $250 billion in revenue managed through automated processing for their growing portfolio of storage applications.
“Applying RevPro’s revenue automation solution allows us the agility to adapt easily as our business grows, the speed to close books faster and visibility for more detailed revenue analysis than ever before,” said Tim Saunders, Tintri’s VP of Finance. “Leeyo has the experienced technical accounting staff to complement the powerful flexibility of their RevPro solution, and that ability to say ‘we’ve seen this before’ mattered to us.”
Leeyo Founder & CEO Jagan Reddy remarked that the institutional knowledge of revenue accounting principles among Tintri’s financial team as well as the firm’s top down buy-in on the significant value of the project were both key to the firm’s rapid, successful implementation of RevPro.
“Key Tintri stakeholders in this process were invested from the beginning to help oversee a swift deployment from start to finish,” said Reddy. “We’re ecstatic to help them in these endeavors.”
The latest version of Leeyo’s flagship product suite, RevPro, is the first revenue automation tool on the 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, “Revenue from Contracts with Customers.” The most recent version also allows RevPro customers to parallel report in both existing and new guidance instances for dual reporting and guidance comparison.
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 solution 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 http://www.Leeyo.com.