Parsor is a revenue automation platform that unifies billing, collections, and ASC 606-compliant revenue recognition into a single workflow, eliminating the need to stitch together separate tools. It integrates natively with existing stacks like Salesforce, NetSuite, QuickBooks, and Stripe, enabling finance teams to move from contract to close with real-time visibility. The platform supports automated invoicing, collections reminders, and SOX-compliant processes for B2B finance teams.
Funding
Funding not disclosed
Founders
Product
Problem
B2B finance teams often rely on disconnected tools for contract management, billing, collections, and revenue recognition, leading to manual work, delayed cash flow, and limited visibility into financial performance. This fragmented approach makes it difficult to maintain accurate forecasts and compliance with accounting standards like ASC 606.
Solution
Parsor provides an automated revenue operations platform that connects contracts, invoices, payments, and books into a single, unified workflow. The platform automates billing schedules, collections reminders, and revenue recognition calculations, ensuring compliance with ASC 606 and SOX requirements. By integrating natively with existing ERPs, CRMs, and payment tools, Parsor enables finance teams to operate without replacing their current stack. Real-time reporting and forecasting give teams a single source of truth for invoicing, collections, and revenue performance, reducing manual effort and accelerating cash flow.
Target Audience
Parsor serves B2B finance teams, including startups transitioning from spreadsheets, scaling companies needing deeper ERP and CRM integrations, and large enterprises requiring custom workflows and compliance support.
Features
- Automated billing and invoicing directly from contract terms, eliminating manual data entry
- Collections reminders and custom email schedulers to reduce days sales outstanding (DSO)
- ASC 606-compliant revenue recognition with real-time reporting and forecasting
- Native integrations with Salesforce, HubSpot, QuickBooks, NetSuite, Sage Intacct, Xero, Workday, Zoho, Plaid, Avalara, and Rillet
- SOX-compliant processes with optional enterprise-grade compliance features, including SOC 2 and SSO
- Custom approval workflows and platform migration services for large finance teams