Twitter Manages Global Billing and Revenue Recognition with Revstream

PALO ALTO, Calif.--(BUSINESS WIRE)--Revstream, Inc. announced today that Twitter has deployed the Revstream Enterprise Revenue and Billing Management platform together with Oracle’s E-Business Suite (r12) as a fully-integrated system. Together, they provide a complete set of scalable and flexible tools to manage Twitter’s rapidly growing business.

“Revstream’s platform enables Twitter to accelerate our billing cycle and improve our global revenue recognition process”

“Revstream’s platform enables Twitter to accelerate our billing cycle and improve our global revenue recognition process,” said Shanice Ma, Director of Revenue at Twitter. “With Revstream, our process is improving in both efficiency and accuracy.”

“An explosive global business like Twitter presents sophisticated challenges for Finance teams in both revenue and billing management,” said Mark Aubin, Revstream’s Chief Product Architect. “Twitter’s volume, frequency and variation of ad products require very robust billing and revenue management functionality. We designed the Revstream Suite to handle the unique operational challenges faced by a wide variety of companies with ad-based revenue models.”

ABOUT REVSTREAM INC.

Named as one of the Inc. 500|5000 fastest growing private companies in 2011, Revstream Inc. provides advanced revenue and billing solutions for the enterprise. The Revstream platform, the company’s flagship product suite, automates and integrates revenue recognition (ASC 2009-13 and 14, formerly EITF 08-1 and 09-3), fair value management and billing management for customers in high-tech, digital media, SaaS and gaming and entertainment— processing over $25 billion in revenues annually. Revstream is robust, highly configurable and efficiently integrates with multiple CRM and ERP systems to meet highly demanding customer requirements.

ABOUT TWITTER INC.

Twitter, founded by in March 2006 (launched publicly in July 2006), is a real-time information service on which people post ideas, comments and news in 140 characters or less. The service can be accessed through a variety of methods, including Twitter’s website; text messaging; instant messaging; and desktop, mobile, and web applications. Based in San Francisco, Twitter is currently available around the world in more than 20 languages. Visit www.twitter.com or follow @twitter for more information.