Discover the best alternative to FlowRev for your business in 2024. Compare Flowrev features, pricing and more to find the perfect solution.
Many users are looking for the ability to move out of spreadsheets for deferred revenue and prepayment amortisation, but want more flexibility and analytics than an accounting-oriented system like Flowrev can offer. Flowrev is great for converting invoices and bills into IFRS and GAAP compliant accounting entries and is very inexpensive, but it doesn’t offer much in the way of reporting, analytics or contract management.
Alternatives to Maxio include ScaleXP, Chargeebee, Recurly, Subscript and Maxio.
The right option depends on your needs.
If you are looking for a straightforward, inexpensive way to convert invoices and bills to GAAP and IFRS compliant accounting journals and have a small business in which everything flows via Xero or QuickBooks invoices and bills with little complexity, then Flowrev could be what you are seeking.
If you only need revenue recognition and want a simple billing solution like Chargebee, or Recurly may be best for getting out of spreadsheets, especially if you are looking to manage revenue involving B2C or physical inventory.
If, however, you are a B2B subscription business looking for good value automated revenue and cost reporting, useful and flexible business reporting on customer and subscription data as well as full financials, or subscription management, all with an intuitive interface , then ScaleXP is likely your best fit.
Rule based automation of revenue recognition
Automated cost and revenue reporting based on text recognition
Automated accounting for prepayments, cost recognition
Transparent, good value pricing scheme
Set up in 1 month or less
Subscription management including renewals and links to accounting and CRM systems
Fully synced with Xero or QuickBooks, including invoices, journals and Stripe integration
Automation of SaaS and subscription metrics including MRR and ARR
Automation of SaaS and subscription metrics such as LTV (customer lifetime value), customer movements, churn, Rule of 40 and retention.
Automation of SaaS metrics across countries and currencies
CAC (Customer Acquisition Cost) built up from accounting data across entities
Investor metrics and reporting against P&L, cash, and balance sheet such as profitability and return on investment.
Flexible automated reports and visualisations which can be shared online, downloaded to Excel, or downloaded to PowerPoint.
Join other companies already getting results with ScaleXP. Start your free trial today.
Why ScaleXP is a Superior Choice
With more sophisticated revenue and cost recognition than Flowrev, ScaleXP also offers analytics and reporting linked to your accounting results, not just your bills and invoices. ScaleXP offers a full suite of customisable reports and customer analytics including churn, MRR, ARR, CAC Payback, lifetime value, etc. It also offers text based revenue recognition and the ability to set rules by account or invoice. Like Flowrev, ScaleXP offers downloadable detail to replace spreadsheets backing up deferred revenue and prepaid costs, but ScaleXP also offers many other useful reports including MRR waterfall graphs, SaaS metric reports, and full business analytics linking customer invoices to accounting results.
A Brief Overview of Chargebee
Founded in India in 2011, now US based but with support still in India. Provides basic revenue recognition but not expense recognition. Great for collections but not financial reporting; does not provide journal entries or send data to your accounting system. Very good for billing management including collection and payment processing; covers B2C as well as B2B. Provides basic subscription metrics such as MRR and churn. Best in class for some operational KPIs like number of seats, number of licenses. Good for basic billing and collection of subscriptions; doesn’t deal well with one time purchases or customised customer requirements. Expensive relative to other payment management alternatives.
A Brief Overview of Recurly
Founded in 2009; added billing in 2010. Provides revenue recognition but not expense recognition. This US based subscription billing specialist is good for simple, single entity subscription management but not as good for tracking accounting adjustments or producing management reporting.
A Brief Overview of Subscript
Provides subscription management and billing including revenue recognition schedules and MRR reporting. Reports on CARR, ARR. Supports multi-currency. Provides support for collections and invoicing including renewals using data from your CRM. Doesn’t pass data to your accounting system. No expense recognition.
A Brief Overview of Maxio
Maxio formed in 2022 from the merger of SaaSOptics and Chargify. It is an all-in-one specialist in financial and operational revenue management for subscription and SaaS businesses. As well as revenue and expense management, Maxio offers billing and subscription management. The Maxio interface is highly flexible, but complex, and the focus is on contract management rather than joining invoices and bills to accounting entries.
Many small and medium sized B2B companies are looking to move away from spreadsheets for revenue and cost recognition in their accounting system. But why stop there?
Flowrev is great in terms of basic revenue and expensive recognition and reporting, but doesn’t provide analytics or reporting or customer mangement such as renewals and invoicing, nor does it link invoices and bills to your accounting results.
For those looking for full automation of B2B subscription management, revenue and expense recognition, and flexible robust analytics, look no further than ScaleXP.
ScaleXP provides automated subscription management plus easy to use dashboards and reporting which fully automate the full range of SaaS metrics.
ScaleXP is the only SaaS specialist which provides automated metrics such as CAC (cost of customer acquisition) and MRR (monthly recurring revenue) fully aligned with your accounting system.
ScaleXP is highly customisable with the ability to specify revenue recognition rules including usage based revenue and to define your own metrics for use in reports, dashboards and presentations. Its automations allow revenue recognition to flow smoothly from automated text recognition to journal entries to reports and PowerPoint packs, all with minimal setup (generally under one month).
Like Flowrev, ScaleXP also provides automated expense recognition for prepayments.
Getting started with ScaleXP is easy! Try it for yourself with a 7 day free trial and get set up in minutes. Or, if you’d like to take a deeper dive, book a demo at a time that suits you.
© 2024 ScaleXP | All Rights Reserved Company Number: 11447363
