About RevLock

RevLock is a cloud-based revenue management and tracking solution for businesses within the SaaS (software as a service) industry. It offers automated revenue recognition and customizable SaaS revenue analytics in order to help businesses track their most important metrics and plan for the future. RevLock is fully compliant with ASC 606 standards and allows businesses to analyze multiple revenue streams across various time periods.

RevLocks revenue recognition tool automatically collects data from integrated systems, including Salesforce, Quickbooks, HubSpot, Zoho, Microsoft Excel, and more, in order to calculate revenue recognition. Reports can be generated and updated in real time based and all reports can be fully customized to suit business needs. Users can create reports on various revenue metrics including churn, MRR (monthly recurring revenue), ARR (annual recurring revenue), LTV (lifetime value), backlog, and more.

Pricing starting from:

US$299,00/month

  • Free Trial
  • Subscription

Devices

Business size

S M L

Markets

United States

Supported Languages

English

Pricing starting from:

US$299,00/month

  • Free Trial
  • Subscription

Images

RevLock ad-hoc reporting
RevLock revenue arrangement
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RevLock video
RevLock screenshot: RevLock ad-hoc reporting RevLock screenshot: RevLock revenue arrangement

Features

Total features of RevLock: 22

  • Accounting Integration
  • Accounting Management
  • Ad hoc Analysis
  • Ad hoc Reporting
  • Analytics
  • Audit Trail
  • Customizable Reporting
  • Data Capture and Transfer
  • Data Connectors
  • Data Import/Export
  • Discount Management
  • Estimating
  • Forecasting
  • Multi-Currency
  • Real Time Analytics
  • Real Time Data
  • Revenue Management
  • Revenue Recognition
  • Self Service Portal
  • Subscription Management
  • Third Party Integration
  • Visual Analytics

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Reviews

Overall rating

5 /5
(3)
Value for Money
4,7/5
Features
5/5
Ease of Use
4,7/5
Customer Support
4,7/5

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Showing 5 reviews of 3
Verified Reviewer
Overall rating
  • Industry: Computer Software
  • Company size: 2-10 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Easy to use automated tool that let me create the metrics I need

Reviewed on 2020/06/12

Great experience, good team and were always available to answer questions.

Great experience, good team and were always available to answer questions.

Pros

Connected with QBO and Salesforce easy and let me add additional KPI's without much work (although I did need hand holding from the services team to do this). The rev rec and automated adjustments to commissions were easy to use and pretty flexible. I like the way the standalone pricing library works.

We have a process whereby we clawback commissions when we lose a customer in the first quarter of sign-up, the software could see this and adjust all our numbers without us manually doing anything anywhere.

Cons

Doesn't help with with tax calculations.

Tom H.
Overall rating
  • Industry: Computer Software
  • Company size: 51-200 Employees
  • Used Weekly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

RevLock review

Reviewed on 2020/05/27

personalized implementation service, access to assistance with ASC 606, computations accurate, back...

personalized implementation service, access to assistance with ASC 606, computations accurate, back end reports excellent

Pros

direct import links from Salesforce and Quickbooks; and the back-end reporting

Cons

replicating complex revenue recognition rules in place on spreadsheets took time, not necessarily the fault of the product

Temi V.
Overall rating
  • Industry: Information Technology & Services
  • Company size: 51-200 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Great product for implementing ASC606 Revenue Rec & Commission

Reviewed on 2020/06/12

It was great. The team know ASC606 already and provided expertise while we implemented the tool....

It was great. The team know ASC606 already and provided expertise while we implemented the tool. The reports are what we now reconcile to and is now our "source of truth." We completed the project on time and pivoted easily from our prior accounting firm to bringing this in-house.

Pros

Easy to use, implementation was straightforward and the team knew their stuff. Syncs directly with Salesforce and QBO, so changes are automatically updated/accounted for. I liked the closed period feature that made prior periods sacrosanct. I wanted to make entries with a click of a button, and they made it happen. The also made additional reporting tools for us so that we could move away from spreadsheets: ARR, MRR, CAC calcs.

Cons

Moving from one report to the other means returning to the root folder. Not a huge issue though, just a UX feature I didn't like based on personal preference.

RevLock FAQs

Below are some frequently asked questions for RevLock.

RevLock offers the following pricing plans:

  • Starting from: US$299,00/month
  • Pricing model: Subscription
  • Free Trial: Not Available

RevLock offers various pricing plans, starting at $299 per month for small companies. Pricing scales with company size, as follows; Rev-Start: $299/month. Best for companies with fewer than 10 deals/month. Rev-Up: $999/month. Everything in Rev-Start plus full revenue process automation, auto-sync of data, customizable reporting, and deferred commission tracking. RevLock and Roll: Contact RevLock for a custom quote. Includes everything in Rev-Up plus more customization and integrations. Ideal for fast growing companies.

RevLock offers the following features:

  • Dashboard
  • Discount Management
  • Forecasting
  • Multi-Currency
  • Self Service Portal

RevLock has the following typical customers:

Small Business, Mid Size Business

RevLock supports the following languages:

English

We do not have any information about what devices RevLock supports

RevLock integrates with the following applications:

HubSpot CRM, Microsoft Excel, QuickBooks Online Advanced, Salesforce Sales Cloud, Zoho CRM

RevLock offers the following support options:

Phone Support, FAQs, Online Support

Related categories

See all software categories found for RevLock.