Tabs Launches Revenue Recognition To Further Expand AI-powered Billing and Financial Ops Platform
2024年6月26日 - 9:05PM
ビジネスワイヤ(英語)
Tabs, an AI-powered billing and financial operations platform
for B2B businesses, is today announcing the launch of its Revenue
Recognition product, a powerful addition to its platform. This new
module transforms the way businesses manage and recognize revenue,
ensuring compliance with the latest accounting standards, and
providing unparalleled accuracy and efficiency.
Tabs Revenue Recognition automates the complex process of
revenue recognition, allowing businesses to seamlessly track and
report their revenue in real-time. Key features of the module
include:
- Automated contract ingestion: Tabs AI automatically reviews,
structures, and indexes contracts directly in the platform
- Standards compliance: Ensure adherence to ASC 606 accounting
standards, reducing the risk of non-compliance
- Real-time reporting: Gain instant visibility into revenue
performance with real-time analytics and reporting
- Customizable workflows: Adapt the module to fit the unique
needs of your business with flexible and customizable
workflows
"At Tabs, our mission is to simplify financial processes for
growing businesses," said Ali Hussein, Co-founder and CEO. "Over
the past few months since our launch we’ve heard loud and clear
from the market that Revenue Recognition is a mission-critical
capability. We are confident that adding these new capabilities to
our platform will empower our clients to manage their revenue more
effectively and efficiently."
Initial adopters of the Revenue Recognition module have already
reported significant improvements in their financial operations.
Matthew Horne, CFO at Insite AI, shared, "The new Revenue
Recognition feature, especially the revenue waterfall, has
streamlined our revenue reporting process. Previously, this was a
manual and time-consuming task. Now, by simply uploading contracts
to Tabs, we gain accurate and timely insights into our monthly
revenue numbers, in addition to having automated billing. This
module improves our investor reporting and saves us countless
hours, significantly boosting our financial reporting
capabilities."
About Tabs
Tabs is an AI-powered billing and financial operations platform
for B2B businesses. Using the power of AI, Tabs is able to
understand and extract elements from even the most complex B2B
contracts and then power an automated AR process from
contract-to-cash. Growing B2B businesses use Tabs to improve cash
flows, streamline operations, and increase business model
flexibility. Tabs is based in New York and is funded by top-tier
VCs Lightspeed and Primary Ventures. Learn more at tabs.inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20240626551204/en/
JC Goodrich CMO jcgoodrich@tabsplatform.com