Many industries are challenged by complex revenue accounting regulations and processes, which are now highly scrutinized as
a result of Sarbanes-Oxley. Offerings in these industries often comprise long-term contractual arrangements that include multiple
components and future commitments. Those future commitments could be services or access rights delivered over time, volume discounts,
service upgrades, installation or training services, support and maintenance services, warranties, and future enhancements. Companies
with such issues can be found in a wide range of industries:
- Advertising
- Business Services
- Capital Equipment
- Complex Equipment
- Entertainment
- Financial Services
- Health clubs and other membership organizations
- Healthcare
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- Leasing
- Media
- Medical Devices
- Professional Services
- Publishing
- Real Estate
- Semiconductor
- Telecom
- Travel
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Revenue recognition regulation and business practices make the intricate details of revenue management such as the
application of revenue recognition rules, revenue allocation, fair value measurement, revenue scheduling and forecasting
extremely difficult. They are further complicated by audit and documentation requirements of the Sarbanes-Oxley Act.
Softrax provides the only financial infrastructure solutions with
the specialized billing and revenue management capabilities that evolving
business models, customer relationships, and accounting regulations
in these industries demand. As a result, Softrax lowers costs, increases
revenue, and enhances compliance with key revenue accounting guidelines
and Sarbanes-Oxley requirements. Learn more about our solutions.