Received is a B2B billing and revenue management platform that automates contract-based billing for custom contracts and complex pricing models, enabling finance teams to manage all revenue streams in one place. The platform eliminates manual spreadsheet processing and high IT spend, providing real-time visibility and flexibility to adjust pricing without engineering support.
Funding
Funding not disclosed
Founders
Product
Problem
Many B2B companies struggle with billing complexities arising from custom contracts, usage-based pricing, and diverse revenue streams, leading to manual processes, errors, and scalability limitations. Finance teams often rely on spreadsheets and extensive IT involvement to manage billing, resulting in inefficiencies and a lack of real-time financial visibility.
Solution
Received provides a B2B billing and revenue management platform designed to automate contract-based billing for companies with custom contracts and complex pricing models. The platform consolidates all B2B revenue streams into a single system, eliminating manual spreadsheet processing and reducing reliance on IT. By automating invoicing, reconciliation, and revenue recognition, Received offers real-time visibility into financial performance and enables finance teams to adjust pricing models without requiring engineering support. The system supports self-serve subscriptions, sales-led contracts, and partner management, providing a comprehensive solution for managing diverse B2B billing scenarios.
Target Audience
Received primarily targets B2B finance teams, particularly those in SaaS companies, that manage custom contracts, complex pricing models, and multiple revenue streams.
Features
- Automated contract-based billing for bespoke, multi-year contracts
- Support for various pricing models, including subscriptions, usage-based, and hybrid models
- Automated partner management for referral and reseller billing, including commission tracking
- Real-time usage tracking via CSV upload, API integration, or manual input
- Automated revenue recognition compliant with ASC 606 and IFRS 15 standards
- Integrations with ERP, CRM, PSP, and tax systems
- Customizable analytics dashboards for real-time financial insights
- Automated reconciliation of card and auto-charge payments