System and method for recognizing revenue and managing revenue lifecycles

US10152755B2 · kind B2 · utility

Assignee

• Zuora, Inc. · US

Inventors

• Jagan Balsundaram · Santa Clara, US
• Seshagiri Chilukuri · San Jose, US
• Katherine Pearson · San Jose, US
• Karthikeyan Ramamoorthy · San Jose, US

Key dates

• Filing date: Jan 21, 2016
• Grant date: Dec 11, 2018
• Expiry date: Sep 26, 2036

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/018
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system and method for calculating variable consideration for performance obligations. The method can involve, checking a database for historical transaction data, accessing the historical transaction data, and applying one or more predetermined variable consideration rules to the historical transaction data. The method can include automatically analyzing the historical transaction data generating an analysis report based on the data. The method can include uploading predetermined corrections to variable consideration transactions to a database or other storage medium and applying the corrections to historical performance obligation transaction data. The method can include determining whether variable consideration changes should be applied to individual transaction lines within the variable consideration transactions.