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Flowrev Reviews & Product Details

Flowrev Overview

What is Flowrev?

Powerful, yet easy to use, online costs and revenue recognition software.

Flowrev Details
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Product Description
Powerful, yet easy to use, online costs and revenue recognition software.

Seller
Description

Flowrev provides cloud-based software solutions designed to help businesses automate and optimize their revenue recognition processes. Their platform allows organizations to manage complex revenue arrangements, streamline billing, and ensure compliance with financial reporting standards such as ASC 606 and IFRS 15. By using Flowrev, companies can improve the accuracy and efficiency of their financial operations, reducing manual workload and minimizing errors. The company is focused on serving various industries, providing tools that integrate seamlessly with existing ERP and accounting systems to ensure a smooth operational workflow.

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3 Flowrev Reviews

3.3 out of 5
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3 Flowrev Reviews
3.3 out of 5
3 Flowrev Reviews
3.3 out of 5
G2 reviews are authentic and verified.
JS
Small-Business (50 or fewer emp.)
"Hard to use and very sneaky, even shady pricing - don't use!"
What do you like best about Flowrev?

Flowrev helped us to recognise revenue, linked to invoices in Xero. Review collected by and hosted on G2.com.

What do you dislike about Flowrev?

Flowrev's pricing - they billed us for arrears after cancelling our contract with them! They do this to try to tie you in and because they had a direct debit enabled, they simply billed our card without permission.

We cancelled because we found an alternative which was cheaper and far easier to use (better UX and less prone to errors).

I would highly recommend you don't use Flowrev because they will catch you out with their arrears based pricing (you can read their terms to see how they do it). Contact me for a much better alternative. Review collected by and hosted on G2.com.

Response from Flowrev Inc. of Flowrev

First some context: Flowrev's pricing model, formulated with widespread user input, has been published at flowrev.com/pricing since 2016. We also explain details upfront, and provide refreshers if needed thereafter.

Usage, metered by "number of active schedules," is an element of our model. In the purchased Flowrev subscription period, while revenue/expense is being recognized from an invoice/bill line, it counts as one active schedule. Cancellations and re-dos can make it vary.

Most customers are diligent with their usage forecasting and seek appropriate subscription placement, which helps minimize, if not eliminate, usage overage. The included amount at each pricing tier provides substantial builtin headroom for in-place growth. Still if usage goes over, rather than halting their mission critical finance operations, customers are extended trust/credit and, as clearly noted on their invoice, billed in arrears for overage. Its handling has no relations to cancellations or dissuasion thereof. Only user's consumption and payment history does.

Regarding JonS - he was a customer from 2017 to 2023. In Sep 2022 his 10/22-9/23 renewal was downgraded to Gold at his request. However, when JonS canceled his 10/23-9/24 renewal, his usage in his 10/22-9/23 Gold renewal period was at 8,698 active schedules, which is even over our higher Platinum's base level.

That period's overage, which Jon was first notified about and subsequently provided all supporting details of, was billed days later and its payment processed per longstanding standing agreement. It was done in exactly the same way as for an earlier overage with no complaint from him then. In Sep 2022 JonS had also been advised about his usage trend and associated budgeting. He continued to over-use the product throughout that year, but feels he should not have had to pay for his true usage.

Also in stark contrast to his comments here, JonS' most recent direct feedback to us - we quote:

"... Flowrev has worked excellently for what we need..."

If you have pending concerns or other questions, please reach out directly to us at contact@flowrev.com

Shubham C.
SC
Software Engineer
Computer Software
Mid-Market (51-1000 emp.)
"Best accuracy and Super-easy to use Revenue reporting Application."
What do you like best about Flowrev?

I'm super overwhelmed with happiness to share that moment when my team and I started working with this excellent application for our complex Revenue recognitions. We use it for our financial reporting & month-end processes. After using this tool for some days, we really started enjoying it because now our financial reporting is so much easier and more accurate now. It provides various features like Easy connect and bulk data load processes, View up to date revenue & costs on your income statement instantly by syncing with a click that makes this app so reliable for anyone without any complexity in using it, and various cool kinds of stuff. Review collected by and hosted on G2.com.

What do you dislike about Flowrev?

After using this application for a long time, I realized that this application is relatively better and exciting than other such applications available in the market. Because even after using it for a long time, I didn't find any mistakes or difficulties even it makes more accurate financial reporting than we ever did. Review collected by and hosted on G2.com.

AJ
analyst
Mid-Market (51-1000 emp.)
"Flowrev : Best Accounting Software"
What do you like best about Flowrev?

- Best for SMBs who use cloud accounting systems and have contracts with customers requiring their revenue and associated costs to be recognized over time compliant with IFRS/GAAP.

- Best For Financial reporting and month-end process.

- Easy to connect

- Bulk data load process Review collected by and hosted on G2.com.

What do you dislike about Flowrev?

Tool has nothing to improve on as it already has all the features required, and the only scope is to create a more effortless user interface.

The report generated are already so much accurate. Review collected by and hosted on G2.com.

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Flowrev