Other Industries

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

Leasing Media Medical Devices Professional Services Publishing Real Estate Semiconductor Telecom Travel

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.