Brocade (News - Alert), a specialist in fabric networking solutions, has been using Leeyo's RevPro software suite for quite some time, and has expanded the implementation of the same solution to manage company's rigorous revenue automation and management requirements in the company.
The company has signed in a new agreement to get access to RevPro's expanded feature set, including touch-free revenue allocation, full automation of the "fair value" process and extensive reporting capabilities.
The expanded implementation has provided enhanced visibility into the "revenue waterfall," and achieved a single "source of truth" for revenue data – all while significantly reducing the time required for month-end closing, according to Brocade officials.
"Our experience with RevPro has been extremely positive – my team has become real believers in Leeyo and their products," said Michael Kirtland, director of Revenue Accounting for Brocade. "RevPro has simplified our month, quarter and year-end processes, saved us time, and allowed us to meet and exceed our internal requirements for both speed and accuracy."
Leeyo's RevPro – a complete revenue recognition software suite on the market – automates and manages every process facing a revenue team, seamlessly integrating with the quote-to-cash processes of any ERP system to deliver unparalleled visibility, functionality and configurability to the revenue recognition and reporting process. All these processes eliminate time-consuming and error-prone manual systems.
"Our initial conversations with Brocade touched on many of the same needs and concerns we hear from almost all our customers – they need to close their financial activities sooner, need to keep pace with increasingly burdensome financial guidance, and need to help their company recognize revenue as quickly and accurately as possible," said Jagan Reddy, co-founder and CEO at Leeyo Software, Inc. "No matter which ERP platform they're using, Leeyo's next-generation revenue recognition software rescues companies and revenue teams of all sizes from the chaos of today's manual data entry or customized processes."
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Edited by Braden Becker