AI Agents for Software and SaaS ASC 606 Revenue Recognition
AI agents for software and SaaS ASC 606 revenue recognition read contracts and order forms, identify performance obligations, build revenue schedules and prepare journal entries for review. Revenue accountants spend time on judgment and exceptions, not on rebuilding schedules in spreadsheets.
Challenges We Solve
Where ASC 606 Revenue Recognition Breaks Down
SaaS finance teams read contracts and amendments by hand and maintain revenue schedules in spreadsheets, so each close depends on manual updates.
Contracts
Contract terms are read by hand
Order forms, amendments and side letters contain terms that affect recognition. Reading them for each deal slows the close.
Obligations
Performance obligations are identified inconsistently
Bundled subscriptions, implementation and usage terms are split differently by different reviewers.
Schedules
Revenue schedules live in spreadsheets
Schedules for each contract are built and updated by hand. A modification means rebuilding them.
Modifications
Upgrades, renewals and credits are hard to track
Mid-term changes alter the schedule. Keeping the schedule and the contract aligned is manual.
Reconciliation
Billing, deferred revenue and the ledger do not tie
Differences between billing, deferred revenue and recognised revenue are found at close.
Support
Review support takes weeks
Reviewers ask how each contract was treated. Evidence is gathered from contracts, emails and spreadsheets.
AI Agent Capabilities
AI Agents Built for Every ASC 606 Revenue Recognition Workflow
Six connected capabilities designed around your contracts, billing system and revenue recognition policy for Software and SaaS teams.
Contract Reading Agent
- Reads order forms, master agreements and amendments
- Extracts term, fees, ramps, discounts, usage and renewal terms
- Flags unusual terms such as acceptance clauses and refunds
- Cites the page and clause for each term
- Highlights contracts that need accountant review
Obligation Mapping Agent
- Proposes performance obligations using the policy you define
- Allocates transaction price using your standalone selling price inputs
- Shows the reasoning behind each proposed treatment
- Leaves judgment calls to the revenue accountant
- Records the final treatment
Schedule Builder Agent
- Builds recognition schedules by contract and obligation
- Applies ratable, point-in-time and usage-based patterns as defined
- Updates schedules when a contract changes
- Shows revenue and deferred revenue by period
- Keeps schedule versions
Modification Agent
- Detects upgrades, downgrades, renewals and credits from billing and contract data
- Proposes the schedule change for review
- Shows the effect on current and future periods
- Links each change to its contract document
- Records approvals
Close Reconciliation Agent
- Compares billing, deferred revenue and recognised revenue to the ledger
- Highlights differences by customer and contract
- Proposes likely causes for review
- Prepares journal entries for approval
- Keeps reconciliation support for the period
Evidence Support Agent
- Assembles contract, treatment and schedule evidence for each sample
- Shows the source clause behind every judgment
- Tracks reviewer requests and responses
- Keeps history of changes to treatment
- Reports on contracts by treatment type
Deployment
How We Deploy Your ASC 606 Revenue Recognition Agent
Five steps from your first call to a validated asc 606 revenue recognition workflow connected to your tools and review process.
01
Contract and Policy Review
We map your contract types, revenue recognition policy, billing and ERP systems, close process and how schedules are maintained today.
✓ Contract type and policy inventory
✓ Billing and ledger data map
✓ Recommended agent architecture for your environment
BUILT FOR SOFTWARE AND SAAS FINANCE AND REVENUE ACCOUNTING TEAMS
The right revenue visibility for every finance role
Each deployment is scoped around how a specific role depends on recognition data. Revenue accountants, controllers and finance leads each get the outcome they need without rebuilding schedules by hand.
REVENUE ACCT
Revenue Accountant
Stops reading every contract for every close. Reviews prepared treatment and exceptions.
What Changes
- Terms extracted with page and clause citations
- Obligations proposed with reasoning shown
- Schedules built and updated by contract
- Modifications flagged for review
CONTROLLER
Controller
Stops finding differences at close. Sees billing, deferred revenue and the ledger tie out.
What Changes
- Differences by customer and contract
- Journal entries prepared for approval
- Revenue and deferred revenue by period
- Reconciliation support kept
REVIEW
Finance Lead Handling External Reviews
Stops gathering evidence per sample. Has the support assembled.
What Changes
- Evidence by contract and treatment
- Source clause for each judgment
- External requests tracked
- History of treatment changes
Meet Our CEO Haroon Jafree, CPA
25 years as a CFO and finance leader, designing agents around workflows he personally ran.
FAQ
Questions About ASC 606 Revenue Recognition Automation
What revenue accountants, controllers and finance leads ask before the first call.
It uses AI agents to read contracts, propose performance obligations, build revenue schedules, track modifications and prepare entries and reconciliations for review. Revenue accountants make the judgments.
Get Started
Ready to Stop Rebuilding Revenue Schedules at Every Close?
Book a discovery call to walk through your contracts, your recognition policy and your billing and accounting systems.
Book a Discovery Call →