Example: Consumption based Revenue Recognition
This example illustrates consumption based revenue recognition using an example of providing professional services at a fixed hourly rate. The example is a simple 1 yr SaaS subscription sold bundled with professional services.
In order to ensure revenue for the services sale is recognized as incurred we will configure the SSP revenue recognition rule for Professional Services to use the "Proportional Performance" revenue recognition method. Once a performance obligation is marked as either being recognized via proportional performance or percent complete a Service Delivery panel shows up on the UI allowing you to manage the service delivery log for each contract. In addition the video illustrates how you can bulk load your delivery logs into the system and RevLock will automatically assign the delivered units to each contract for you.
In order to ensure revenue for the services sale is recognized as incurred we will configure the SSP revenue recognition rule for Professional Services to use the "Proportional Performance" revenue recognition method. Once a performance obligation is marked as either being recognized via proportional performance or percent complete a Service Delivery panel shows up on the UI allowing you to manage the service delivery log for each contract. In addition the video illustrates how you can bulk load your delivery logs into the system and RevLock will automatically assign the delivered units to each contract for you.
Updated on: 02/06/2021
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