ASC 606 fundamentally changed revenue recognition, so you can't just record revenue when you bill anymore but must recognize it as performance obligations are satisfied, allocated based on standalone selling prices. For companies with multi-element contracts, varying delivery schedules, and contract modifications, manual compliance is nearly impossible. Nue's RightRev integration automates this complexity, ensuring your revenue recognition follows ASC 606 while your billing continues normally.
Companies managing ASC 606 compliance face serious challenges:
- Multi-element contracts require complex allocation calculations
- Service delivery rarely aligns with billing schedules
- Contract modifications trigger reallocation requirements
- Different products recognize revenue at different times
- Audit trails must connect every billing event to recognition
These requirements mean maintaining separate schedules for billing and revenue, tracking fulfillment manually, and constantly recalculating allocations, leaving your accounting team spending more time on compliance spreadsheets than financial analysis while auditors still find issues because manual processes leave gaps.
Nue automatically provisions billing data to RightRev for compliant revenue recognition. While Nue manages your billing and invoicing, RightRev handles the complex calculations required by ASC 606. The integration ensures recognized revenue aligns with contractual obligations while billing follows business needs.
When you activate orders in Nue, the integration creates corresponding revenue contracts in RightRev, with multi-year deals transferring correctly and different product types following appropriate revenue rules automatically.
The system handles bundled offerings where total contract value must be allocated across components based on standalone selling prices, with RightRev calculating these allocations automatically to ensure ASC 606 compliance.
Revenue doesn't recognize uniformly, with software subscriptions recognizing monthly, professional services on delivery, and hardware at shipment, so Nue's integration supports organization-level defaults with product-specific overrides.
You can configure different recognition methods based on your business model, using straight-line for subscriptions, percentage of completion for projects, and point-in-time for products so your revenue recognition matches how you deliver value.
The integration supports sophisticated accounting structures, letting you define segments for contract liability, revenue accounts, and carve-outs while mapping different products to different GL accounts and setting up reporting by department, geography, or business unit.
These segments flow through revenue schedules, enabling detailed reporting your auditors and executives expect.
Global businesses need revenue recognition across currencies and entities, so the integration handles multi-currency contracts with proper exchange treatment while different entities can use different calendars and recognition rules.
The system respects accounting period controls, only importing transactions during open periods to maintain financial statement integrity while allowing billing flexibility.
Automated revenue recognition through RightRev delivers:
- ASC 606 compliance without manual calculations
- Accurate financial statements with proper timing
- Complete audit trails from billing to recognition
- Faster monthly close with automated entries
Your accounting team analyzes instead of calculating while auditors find clean, compliant recognition and executives get accurate revenue metrics for decisions.
A SaaS company selling annual subscriptions with implementation services was drowning in revenue complexity. Each contract required manual allocation between software and services. Implementation recognized on completion while subscriptions recognized monthly. Modifications triggered complete recalculations.
After implementing Nue with RightRev, revenue recognition automated completely as contracts allocated correctly across elements, implementation revenue recognized on delivery milestones, and modifications processed with proper cumulative adjustments.
Month-end close time dropped dramatically while audit findings disappeared, allowing the accounting team to shift from spreadsheet maintenance to strategic analysis.
Accounting teams achieve ASC 606 compliance without manual schedules as revenue recognition becomes automatic and accurate.
Finance teams get reliable revenue metrics for forecasting with recognized revenue aligning with business reality.
Audit teams find complete documentation linking billing to recognition where every allocation and adjustment has clear support.
Sales teams sell complex bundles knowing revenue will recognize correctly without pricing flexibility creating accounting nightmares.
Companies that benefit most from RightRev integration:
- Have multi-element contracts with different obligations
- Bill differently than they deliver services
- Face ASC 606 compliance requirements
- Process frequent contract modifications
This is critical for SaaS companies with professional services, businesses selling product and service bundles, and any organization where revenue timing affects financial statements.
Stop managing revenue recognition in spreadsheets. With Nue's RightRev integration, billing data automatically flows to compliant revenue schedules satisfying ASC 606.
Your accounting team reclaims their time while financial statements reflect accurate timing and audits run smoothly with complete documentation, maintaining compliance without manual revenue recognition complexity.