Your Built-In Revenue Recognition Powerhouse

Effortless. Configurable. Automated.

Discover how Younium with its built-in revenue recognition capabilities, seamlessly aligns with critical accounting principles and standards, including the revenue recognition principle, ASC 606 revenue recognition, IFRS, and more, ensuring your SaaS business remains compliant and clear.

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Simplify Your Financial Reporting

With Younium, apply revenue recognition methods that are fully compliant with GAAP revenue requirements. Our platform supports various revenue recognition rules, making it easier to prepare financial statements and manage deferred revenue effectively.

Fully Integrated Revenue Recognition for B2B SaaS

Younium offers a native revenue recognition capability built directly into our platform, designed to automate and streamline financial operations for SaaS businesses. This native feature is fundamental to our system, ensuring precise, compliant revenue allocation without the complexity of external add-ons.

Less Risk of Errors and Audit Ready

By automating revenue recognition from orders and billing, you not only reduce the risk of manual errors but also ensure consistent compliance throughout the companies, providing out-of-the-box compliance and an audit-ready system that shortens audits and saves time for showing auditors a consistent and compliant revenue recognition process.

Key Features

Tailor revenue recognition rules to fit your needs on a flexible, integrated platform, simplifying and enhancing accuracy in financial management.

Automated Revenue Scheduling

Adhere to the revenue recognition principle, which states that revenue is recognized when earned, not necessarily when received.

Compliance First

Younium is designed around the new revenue recognition standard, ensuring that your income statement and revenue recognition journal entry practices are up-to-date.

Customizable Revenue Recognition

Tailor revenue recognition rules per invoice line, and manage revenue sub-ledger with precision, all within a native, integrated platform.

The Younium Process of Revenue Recognition

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Rule Application: Assign revenue recognition rules based on contract terms and customer agreements.
Contract Management: Input contracts into Younium. Each contract is analyzed to identify specific revenue recognition needs.
Revenue Allocation: Automatically schedules and allocates revenue according to the service period, adjusting for contract variations or prorations as needed.
Financial Reporting: Generate up-to-date financial reports showing recognized and deferred revenue directly within Younium.

Younium vs Others

Younium's native revenue recognition feature is central to our platform, designed with the SaaS business model in mind. It simplifies financial reporting, ensuring accuracy and compliance without the need for external add-ons. By embedding this capability into the core of our system, we offer a streamlined solution that integrates seamlessly with your financial operations.

Younium

✅ Nature of Solution: Native, built-in revenue recognition.

✅ Revenue Recognition Support: Comprehensive support integrated into the platform. Fully support corrections and credits.

✅ Ease of Management: Seamless integration, easy to manage.

✅ Compliance: Designed with compliance (ASC 606, IFRS 15) in mind.

✅ Customization: Highly customizable and configurable rules per invoice line.

✅ Adjustments & Proration: Automated adjustments and prorations. Automated not only for new invoices but also for amendments such as upsell, crossell, downsell, price increase and cancellations.

Others

❌ Nature of Solution: Mostly add-on, not native solutions.

❌ Revenue Recognition Support: Varies; often limited or requiring additional purchases.

❌ Ease of Management: Can be challenging to manage, especially with bought solutions.

❌ Compliance: Compliance support varies; may require additional effort.

❌ Customization: Often less flexible, with limitations on customization.

❌ Adjustments & Proration: Handling adjustments and prorations may be less straightforward.