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Business Wire
4 days ago
- Business
- Business Wire
RightRev Partners with Sage and Launches Sage Intacct Integration, Providing Advanced Revenue Recognition for Finance Teams
ROSEVILLE, Calif.--(BUSINESS WIRE)--RightRev, a leader in automated revenue management, today announced a strategic partnership with Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses. As part of the collaboration, RightRev's revenue automation platform now integrates with Sage Intacct, providing a seamless flow of revenue data into Sage Intacct's General Ledger to improve accuracy and efficiency. 'With this integration, finance teams can streamline revenue recognition workflows and gain real-time visibility into financial performance—without manual data transfers or reconciliation headaches,' said Jagan Reddy, CEO and founder of RightRev. Share RightRev's solution automates performance obligation tracking, contract modifications, standalone selling price application and allocation, and revenue recognition, while Sage Intacct provides a powerful and flexible general ledger designed for modern finance operations. Together, the integrated solution enhances financial accuracy, audit readiness and operational efficiency. Key benefits for joint RightRev and Sage Intacct customers include: Seamless Data Flow: Revenue journal entries flow automatically from RightRev to Sage Intacct's General Ledger—no manual exports or reconciliations required. Enhanced Accuracy and Compliance: Automation reduces the risk of human error and supports full compliance with ASC 606 and IFRS 15. Faster Time-to-Value: The pre-built integration accelerates deployment and shortens implementation timelines. Shortened Accounting Close Cycles: Automating revenue data eliminates bottlenecks, giving finance teams more time for review, analysis and strategic insight. Audit-Ready Transparency: Journal entries are fully traceable, reinforcing internal controls and simplifying audits. The integration is now available on the Sage Intacct Marketplace for all U.S. Sage Intacct users, making it easy to connect RightRev's robust revenue automation engine with their existing Sage Intacct environment. 'We're excited to welcome RightRev to the Sage Intacct ecosystem,' said Brittany Farquar, Director Corporate Affairs at Sage. 'This integration adds powerful revenue recognition capabilities that help our joint customers automate complex accounting processes, reduce risk, and accelerate financial close. Together, we're delivering a more seamless and scalable experience for finance teams managing compliance and growth.' 'With this integration, finance teams can streamline revenue recognition workflows and gain real-time visibility into financial performance—without manual data transfers or reconciliation headaches,' said Jagan Reddy, CEO and founder of RightRev. 'We're excited to deepen our relationship with Sage and deliver joint value to high-growth organizations navigating complex compliance requirements.' Customers can learn more on the Sage Intacct Marketplace and see the integration in action at Sage Future, where RightRev, a Gold Sponsor, will be providing live solution demos at booth 63, June 3–5 in Atlanta. About RightRev RightRev is a comprehensive platform to automate revenue management. The solution helps businesses streamline, recognize, report, analyze and comply with revenue standards. With a focus on speed, accuracy, and efficiency, the company continues to enhance its platform with artificial intelligence (AI) and new capabilities that simplify data migration, implementation and third-party integrations. Trusted by large enterprises and growth-stage companies across many industries, RightRev empowers finance teams to manage complex revenue scenarios and drive strategic growth. Founded in 2020, RightRev has raised more than $31 million from investors that include Norwest Venture Partners, Salesforce Ventures, Snowflake Ventures, Innovius Capital and Cheyenne Ventures. For more information, visit .
News18
02-05-2025
- Business
- News18
Amaravati Rises Again: Mega Capital Project Set For Relaunch With PM Modi's Backing
Last Updated: Strategically located between Vijayawada and Guntur, the sprawling 34,000-acre project, initially halted by the previous Jagan Reddy govt, is set for a significant relaunch. Amaravati, the ambitious capital city of Andhra Pradesh, presents a scene of wide roads, incomplete buildings, and piles of raw construction materials, all set amidst uncultivated farmland, for the construction of a mega city. Strategically located between Vijayawada and Guntur, the sprawling 34,000-acre project, initially halted by the previous Jagan Mohan Reddy administration, is now set for a significant relaunch. The foundation stone for this envisioned metropolis was laid in October 2015, marking the start of creating a world-class urban centre. The Master Plan for Amaravati, crafted with guidance from the Government of Singapore and inspired by global best practices, aims to accommodate a population of 3.5 million by 2050. The developmental works are broadly categorised into housing and building, infrastructure development in the Land Pooling Scheme (LPS) areas, and crucial trunk and flood management works. As of 2024, the estimated budget for Amaravati's comprehensive development stood at approximately Rs 64,910 crore, bolstered by a Rs 15,000 crore commitment from the Indian government and substantial financial support from international institutions, including $800 million each from the World Bank and the Asian Development Bank, and an agreement with HUDCO for a loan of Rs 11,000 crore. Amaravati is all set for a relaunch today. The @ncbn government says funds and land are not an issue, and they will build a new capital in 3 years. If the plan on paper is executed well on the ground, Andhra Pradesh will have a future-ready city. — Harish Upadhya (@harishupadhya) May 2, 2025 In an interview with CNN-NEWS18, Andhra Pradesh's Minister for Municipal Administration and Urban Development, Ponguru Narayana, discussed the project's history, the challenges faced, and the current government's determined plan for revival. Addressing the disruption caused by the subsequent Jagan Mohan Reddy administration, he explained that although Rs 5,000 crore had been spent for the contractors, the previous government halted the project and introduced the concept of three capitals. They neither continued the work nor settled the payments, leading to numerous legal issues, he said. The current government, under Chandhrababu Naidu's leadership, took nearly 11 months to overcome these obstacles, he stated. Minister Narayana detailed the measures taken, including forming a technical committee of chief engineers, assessing the building strength through IIT Chennai and IIT Hyderabad, and eventually calling for tenders worth Rs 50,000 crore. Highlighting Prime Minister Narendra Modi's renewed involvement, he mentioned the invitation extended to the Prime Minister to restart the works, which was accepted. Providing a timeline for the completion of key residential infrastructure, the Minister affirmed that the 4,000 houses for officials would be completed within one and a half years, with 80-85 per cent of the work already done. The main trunk roads, totaling 350 kilometre, would be completed within two years, and the layout roads within two and a half years, he said. Regarding the iconic structures, Minister Narayana stated that the five administrative towers, the assembly building, and the high court would be completed within three years. The administrative towers include one 50-floor tower and four 40-floor towers, while the assembly building and high court have specific plans for their respective heights and dimensions. Elaborating on the innovative land pooling system, he explained that the call for land pooling in 2015 resulted in 34,000 acres being contributed by landlords without litigation. This land was allocated for various uses, including returnable plots to agricultural people, blue and green spaces, roads, and parks. Currently, 4,000 acres of developed land are available for further development. Highlighting the self-sustaining financial model for the capital city, Minister Narayana asserted that the developed land costs range from Rs 20 crore to Rs 30 crore per acre. The plan involves reserving 4,000 acres of land, taking loans for initial development, and later selling the land at increased prices to repay the loans, ensuring no taxpayer money is spent on the project. Discussing the initial efforts to attract institutions and industries, he mentioned that 1,500 acres were reserved for national-level organisations and institutions. Despite setbacks from the previous government's actions, the current administration has reallotted 800 acres and set a target for these organisations to start their work within four months. Amaravati's development, under the new government's leadership, is set to transform the region into a self-sustaining, world-class urban centre, with strategic planning and significant financial backing paving the way for its future, the Minister said. Get breaking news, in-depth analysis, and expert perspectives on everything from politics to crime and society. Stay informed with the latest India news only on News18. Download the News18 App to stay updated! tags : amaravati Andhra Pradesh Location : Hyderabad, India, India First Published: May 02, 2025, 12:00 IST News india Amaravati Rises Again: Mega Capital Project Set For Relaunch With PM Modi's Backing
