<ul><li>Automated revenue management startup RightRev has secured $13 million in new funding to enhance product innovation, expand its market reach, and grow its partner ecosystem in response to rising demand for revenue automation.</li><li>RightRev, founded in 2020, provides a revenue recognition automation platform that helps businesses adhere to accounting standards like ASC 606 and IFRS 15 by automating the revenue lifecycle from contract ingestion to journal entry generation.</li><li>The platform offers configurable revenue rules, automates complex tasks such as standalone selling price calculations, and integrates with systems like Salesforce CPQ and enterprise resource planning tools to ensure unified data flow.</li><li>The funding round, co-led by Cheyenne Ventures and Innovius Capital, will also support advancements in artificial intelligence capabilities within the RightRev platform to enhance speed, accuracy, and intelligence for revenue teams globally.</li></ul>

RightRev lands $13M to meet growing demand for intelligent revenue recognition

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