RevLock

RATING:

4.8

(5)
Overview

About RevLock

RevLock is a cloud-based revenue recognition software that helps organizations in the SaaS industry automate business operations related to accounting, auditing, revenue tracking, contract management, and more from a centralized platform. It lets staff members utilize the built-in dashboard to compare revenue trends and monitor sales based on customers. RevLock provides a revenue recognition rules functionality, which allows accounting teams to handle commission deferrals, set up stand-alone selling prices, and configure revenue rules to identify performance obligations. Accountants can manage sub-ledgers, access journal entries, view accounting analytics, handle bookings, track sales commission expenses, and update commission terms. Additionally, employees can set up ...

RevLock Pricing

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.

Starting price: 

$299.00 per month

Free trial: 

Available

Free version: 

Not Available

RevLock sales order management
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RevLock Reviews

Overall Rating

4.8

Ratings Breakdown

Secondary Ratings

Ease-of-use

4.5

Customer Support

5

Value for money

4.5

Functionality

5

Most Helpful Reviews for RevLock

5 Reviews

Anonymous

2-10 employees

Used daily for less than 6 months

Review Source: Capterra
This reviewer was invited by the software vendor to submit an honest review.

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed June 2020

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

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.

Temi

Information Technology and Services, 51-200 employees

Used daily for less than 6 months

Review Source: Capterra
This reviewer was invited by the software vendor to submit an honest review.

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed June 2020

Great product for implementing ASC606 Revenue Rec & Commission

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.

Reason for choosing RevLock

RevLock can do both the revenue recognition and commission deferrals for ASC 606. The tool can also calculate commissions, but we don't use that feature right now and just upload it. The potential for that made the decision easy.

Vijaya

Accounting, 11-50 employees

Used daily for less than 6 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

3

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed June 2023

Good Service Provider

I recomend only small budget clients to opt for their service.

PROS

It is least expensive. Budget friendly for any organisation. Service is Good.

CONS

Customer feed back is bad. They do not work to what they promised to clients.

Tom

Computer Software, 51-200 employees

Used weekly for less than 12 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

4

CUSTOMER SUPPORT

4

FUNCTIONALITY

5

Reviewed May 2020

RevLock review

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

Reason for choosing RevLock

RevLock allowed us to implement proper ASC 606 revenue recognition on a standardized commercial product at a reasonable cost without having to change our general ledger system.

khebbache

Construction, 1,001-5,000 employees

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

4

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed February 2022

Comptable

L'une des principales raisons avec mes collègues, tous montré une très bonne réactivité sur le système.

PROS

J'ai beaucoup apprécié la clarification sur votre documentation.

CONS

les toturial sur YouTube, S'il arrive en de très rares cas dans quelques secteurs publique,

5 Reviews