Chargebee RevRec simplifies revenue recognition on the basis of subscription. The reports are user friendly and provide real-time data on revenue to be recognized. The best part is that report can be extracted to include one-time revenue and subscription income separately. This is quite automated process and minimum effort is needed. Review collected by and hosted on G2.com.
One challenge with Chargebee RevRec is that the setup and customization can be a bit complex, especially for companies with unique revenue models. It can take some time to tailor it to fit your specific needs. The other challenge is UX/UI to create report is not that user friendly and would need lot of learning before a person can start building up the reports. Review collected by and hosted on G2.com.
15 out of 16 Total Reviews for Chargebee RevRec
Overall Review Sentiment for Chargebee RevRec
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We're a software company, so we originally created our own billing software (Advice: Don't ever do this unless you plan to sell it as an Enterprise solution) and within about two years immediately ran into issues due to needing to fight for internal development resources to support it properly. Now we can reply on Chargbee's customer support team and implementation was not difficult. The cost savings by switching to Chargebee over an internal tool we have to maintain was a no-brainer and we use it for all of our invoicing. It saves us a tremendous amount of time compiling invoices. Review collected by and hosted on G2.com.
This may be caused by our unique organizational practices, but once an invoice is made and posted it is difficult to adjust and we end up just making a separate line item for credit rather than fixing the error because it is easier. Review collected by and hosted on G2.com.
The best part about Chargebee RevRec is its ability to automate complex revenue recognition processes, especially for SaaS businesses Review collected by and hosted on G2.com.
One downside of Chargebee RevRec is that it can be complex to set up initially, especially if your revenue streams have intricate structures Review collected by and hosted on G2.com.
RevRec allows me to easily calculate the Recognized Revenue for every customer we have in Chargebee. I can also calculate it by product, or by subscription. Doing this manually would be a very large task, so I appreciate the time it saves me. It integrates directly into Chargebee and was easy to set up. Review collected by and hosted on G2.com.
There are a lot of other features in RevRec that we don't currently use, since we use an external accounting system for most of our reports. Review collected by and hosted on G2.com.
The Chargebee RevRec experience was one of our company fully understanding how to capture and use our accounting data. Prior to using any third party platform or serivce, we relied on our tax accountant to develop annualized deferred and accrued revenue schedules to support annual financial statements. We never felt compliant with GAAP and we did not have a strong paperwork trail to support future growth in financial reporting. ChargeBee RevRec provides a technology platform that supports many revenue recognition policies, including our business that is more long-term R&D type contracts. Review collected by and hosted on G2.com.
We would like to see more reports that are driven towards financial statement display and also notes and disclosures for GAAP reporting. Review collected by and hosted on G2.com.
It is user friendly, we used it for our SAAS product. Got the figures quite easily. Revenue recoginition, reconcililations, modifications became quite easy for us. Earlier, we used to fill in all the details and extract the data through excel, but chargebee saved our time. Review collected by and hosted on G2.com.
Quite expensive. Even more expensive than stripe rev rec. Review collected by and hosted on G2.com.
It's easy to create complex recurring billing scenarios. Review collected by and hosted on G2.com.
There is limited customization. I wish I could further customize my invoices. Review collected by and hosted on G2.com.
It's a good tool for subscription management, offering comprehensive features that streamline billing processes, automate revenue operations, and provide insightful analytics, making it easier to manage and grow recurring revenue efficiently. Review collected by and hosted on G2.com.
It's difficult to localize into other currencies. Review collected by and hosted on G2.com.
Intuitive to use, reporting is easy and useful
Easy to make changes to cleinets subscriptions Review collected by and hosted on G2.com.
I cant find an easy way to export a list of clients paying annually/ACH
It would be good for the product catalog to have prices listed as we have so many products its hard to find the correct one when adding into a sub
The pro rata options when changing a sub could be clearer Review collected by and hosted on G2.com.
Ease of Use. It is simple to pull necessary revenue reporting. It is also helpful to save custom reports in the favorites tab on reporting module. Review collected by and hosted on G2.com.
The implementation of CB RevRec was not the best. We had alot of issues getting set up and took way longer than expected (months.) Review collected by and hosted on G2.com.
