Novadek’s Revenue Lens Delivers Revenue Recognition, Contract Billing and Fair Value Allocation Solutions That Work For Tech
Novadek Technologies’ Revenue Lens is a stand-alone SaaS software solution – a “best-of-breed” application – that integrates with most accounting and financial/ERP products. This enables mid-sized companies to easily handle revenue recognition complexities using industry best practices and defined processes. Revenue Lens enables our clients to receive the benefits of a revenue recognition application while minimizing infrastructure, implementation, maintenance costs and information technology (IT) staffing requirements.
Novadek Technologies’ Revenue Lens features a revenue recognition module that manages revenue complexities from any sales transaction. The revenue recognition application enables mid-sized companies to compute and adjust revenue in a timely manner.
The revenue recognition application within Revenue Lens enables a mid-market information technology and services company to reduce the costs associated with an army of revenue accountants, eliminate the time spent re-calculating and computing future posts, and reduce a typical seven day revenue close down to 1.5 days.
Fair Value Allocation
Novadek Technologies’ Revenue Lens contains a fair value allocation module to accurately assess fair value across the organization. The fair value application enables mid-sized companies to calculate and allocate fair value quickly and timely.
The fair value application within Revenue Lens enables a mid-market information technology and services company compute to reduce auditors fees by up to 20% or $35,000 annually, eliminate the time spent allocating revenue to support fair value models and increase financial statement accuracy.
Novadek Technologies’ Revenue Lens contains a contract billing module to manage the complexities of the contract enterprise billing integrated with revenue recognition. The contract billing application enables mid-sized companies to manage complex terms – such as milestones, subscriptions, usage, etc. – in a multi-part contract.
The contract billing application within Revenue Lens enables mid-market information technology and services companies to decrease revenue leakage, improve customer satisfaction with accurate and timely invoicing, and eliminate the time spent manually reconciling external steps.
Our goal is to help businesses eliminate revenue leakage from overlooked billings, and to manage multiple streams of revenue from the sales and
channel teams so that they can invoice in a timely manner.
Novadek Technologies’ Revenue Lens starts with a solid integration foundation, so that you can integrate to any number of today’s popular accounting and financial/ERP products, such as Netsuite, Intacct, Oracle, SAP and more. This allows you to keep the system that you’ve invested in (assuming that you’ve kept reasonably current with new version releases), without requiring that you replace it, just to get the improved functionality that Revenue Lens provides.
Expand your current accounting and financial/ERP system’s capabilities without having to replace them and start over!