Campfire identifies and tracks each performance obligation within your contracts, ensuring revenue is recognised in line with how value is delivered to customers. It allocates transaction prices based on standalone selling prices and monitors when each obligation is satisfied. As goods are delivered or services are completed, the system triggers the correct revenue entries automatically. This gives finance teams a clear and accurate link between contract activity and reported revenue, without relying on manual tracking.
Campfire separates bundled contracts into individual obligations, covering products, services, and support commitments within a single agreement. Each component is assessed and assigned its share of the total contract value, based on pricing analysis. This allows teams to manage contracts that include a mix of licence fees, subscriptions, implementation services, and ongoing support. By tracking each obligation independently, Campfire ensures revenue is recognised in line with the specific delivery of each component.
Campfire defines how and when revenue should be recognised for each obligation. For services delivered over time, it measures progress using appropriate methods. For point-in-time delivery, it triggers recognition when goods are transferred or accepted. The system monitors these conditions continuously and records journal entries as milestones are met. This removes the need for manual calculations and reduces the risk of reporting errors, giving finance teams confidence in the accuracy of recognised revenue.
Why Campfire Stands Out
