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Billing and Invoicing Software
RevLock reviews and summary
RevLock is a revenue recognition automation software designed to work alongside a company's existing systems, such as its CRM and billing platforms. Its primary function is to ensure compliance with the ASC 606 and IFRS 15 revenue recognition standards. RevLock automates the complex calculations and allocations required by these standards, automatically generating both GAAP and Non-GAAP financial reports. It emphasizes being easy to use and affordable, offering a high degree of customization and flexibility typically found in more expensive custom solutions, thereby simplifying a critical and often cumbersome accounting process. Finance and accounting teams in subscription and project-based businesses that need an affordable, user-friendly solution t...
Best for
Finance and accounting teams in subscription and project-based businesses that need an affordable, user-friendly solution to automate ASC 606/IFRS 15 revenue recognition and reporting without a massive implementation.
Starting price
$299.00 Per-Month
Category
Billing and Invoicing Software
Vendor
RevLock
Key takeaways
Our verdict
RevLock is a valuable and accessible tool for automating complex revenue recognition, offering compliance and reporting ease at a reasonable price point for growing companies.
Quick facts
RevLock at a glance
Overall rating
4.8/5
Reviews
4
Starting price
$299.00 Per-Month
Vendor
RevLock
Founded
2017
Location
United States
Category
Billing and Invoicing Software
Ratings
RevLock ratings
Ratings in this section summarize available rating data. Software reviews are shown separately when users submit reviews.
Decision notes
RevLock pros and cons
Potential strengths
- Clear buyer-fit positioning is available in the profile data.
- Starting price is available in the profile data.
Points to verify
- Confirm current pricing, contract terms, and included plan details with the vendor.
- Confirm product-specific availability for category-level features before buying.
- There are no written reviews for this software yet.
Buyer fit
Who uses RevLock?
Finance and accounting teams in subscription and project-based businesses that need an affordable, user-friendly solution to automate ASC 606/IFRS 15 revenue recognition and reporting without a massive implementation.
Feature research
RevLock features
These are common features buyers compare in Billing and Invoicing Software. Product-specific availability should be confirmed with the vendor.
Customer Billing Access
An online gateway enabling end-users to access historical bills and settle current invoices.
Contact Information Repository
A unified repository for storing stakeholder details and contact info.
Success-Based Legal Fees
A business model where legal fees are contingent upon the successful resolution or settlement of a case.
Branded Invoice Templates
Allows for branding invoices with the organization's unique logo.
Payment Failure Notification
Automated system for notifying clients of failed payments to facilitate invoice settlement.
Time-Based Charging
A business model where charges are determined by the time invested.
Client Mobile Payments
Allows clients to make payments using their mobile devices.
Currency Management
Process transactions and manage accounts across multiple global currencies.
Digital Invoice Management
Facilitates the creation, transmission, and viewing of digital invoices.
Web-Based Payments
A dedicated digital portal allowing customers to securely settle their invoices online.
Financial Transaction Processing
Securely handle, document, and balance incoming financial payments and transactions.
Task-Based Project Billing
A business approach where clients are charged based on the completion of specific projects, tasks, or jobs.
Pricing
RevLock pricing
Starting price
$299.00 Per-Month
Visit Website
Pricing model: Per Feature
Pricing can change. Confirm current plans and terms with the vendor.
Compare
RevLock alternatives
Compare RevLock with other Billing and Invoicing Software tools that buyers often evaluate.
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Software reviews
RevLock software reviews
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FAQ
RevLock FAQs
RevLock is a revenue recognition automation software designed to work alongside a company's existing systems, such as its CRM and billing platforms. Its primary function is to ensure compliance with the ASC 606 and IFRS 15 revenue recognition standards. RevLock automates the complex calculations and allocations required by these standards, automatically generating both GAAP and Non-GAAP financial reports. It emphasizes being easy to use and affordable, offering a high degree of customization and flexibility typically found in more expensive custom solutions, thereby simplifying a critical and often cumbersome accounting process.
Finance and accounting teams in subscription and project-based businesses that need an affordable, user-friendly solution to automate ASC 606/IFRS 15 revenue recognition and reporting without a massive implementation.
RevLock pricing is listed from $299.00 Per-Month. Pricing can change. Confirm current plans and terms with the vendor.
RevLock is listed in Billing and Invoicing Software.
RevLock is listed with RevLock as the vendor.
Buyers often compare RevLock with other Billing and Invoicing Software tools such as Xero, QuickBooks Desktop Pro, ActiveCollab, PayPal Invoicing. Review ratings, pricing, and fit before choosing.
Yes. Use the Write a review button on this page to submit a software review for RevLock.
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