In This Issue
Welcome to Softrax eNews, the Inside Track on Revenue Management.
Are there hidden risks lurking in your Revenue Reporting? Softrax has just published a comprehensive revenue risk assessment checklist. This free online tool generates a customized assessment of your revenue reporting risks, identifies areas of potential weakness, and provides key recommendations. We believe you’ll find the results valuable in your efforts to improve your revenue recognition and reporting processes.
In this issue we have included several very practical “how to” articles. Product Roadmaps: Danger Signs for Revenue Recognition offers great advice that may help prevent your “Roadmaps” from being interpreted as “specified upgrades” – with all of their accounting consequences. The article on Revenue Policy Alignment is a comprehensive look at working toward organizational cohesion and goal-setting around critical revenue policies and procedures.
We also have some highly informative Webcasts. Tony Sondhi, member of the EITF of FASB, has provided an update on IFRS and US GAAP, with particular attention to possible revenue recognition implications of a combined standard. Coming up in July we’ll hear how to Manage Revenue Recognition in Concert with Oracle Financials in association with the Oracle Users Group. We hope you can join us.
NEW! Revenue Risk Assessment Checklist
This automated, online checklist will provide you with a comprehensive assessment of your Revenue Reporting risks. You will get a full, completely customized report that highlights key issues, provides recommendations and explains what causes your risk to increase and why.
Live Webcast: COSO Project 2008 Update: Guidance on Internal Controls
Join us Thursday, July 24th as we welcome back Trent Gazzaway, Managing Partner, Corporate Governance, Grant Thornton LLP, and project leader to the COSO initiative, as he provides a truly unique insider’s understanding of this updated internal controls guidance.
SPOTLIGHT
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Product Roadmaps: Danger Signs for Revenue Recognition
Sharing product roadmaps with customers helps build long term relationships, but revenue recognition issues can 
occur if it’s not done properly. This article explains how to do it right.
Revenue Policy Alignment: A Critical Factor for Accurate Financial Reporting
Sharing product roadmaps with customers helps build long term relationships, but revenue recognition issues can occur if it’s not done properly. This article explains how to do it right.
Stock Prices Plunge by an Average of 10% Around Revenue Recognition
Revenue recognition restatements wipe out on average 10% of a company’s market value according to a new study by Audit Analytics.
Making SaaS Pay: Operational and Accounting Issues of SaaS
You developed the killer SaaS application and built a scalable IT infrastructure – but how do you actually make your SaaS business pay for itself? Find out how to address some key economic, operational and accounting issues of the SaaS business.
Live Webcast: Managing Revenue Recognition in Concert with Oracle Financials
Join us on Wednesday, July 23rd at 1PM Eastern and learn how you can enhance Oracle financials with advanced revenue recognition capabilities.
IFRS and US GAAP: Part II
Revenue expert, Tony Sondhi, a member of the Emerging Issues Task Force of FASB, presents a general comparison of U.S. & IFRS standards, and discusses how a combined standard might impact technology companies immediately.
Laying the Foundation for Automated Revenue Accounting
Reed Kingston, Managing Director, and Alok Ajmera, Senior Manager, BearingPoint, discuss the strategic and operational success factors for automated revenue accounting.
Automating Revenue Processes to Integrate Acquisitions
When Accellos was launched by the merger of two acquisitions, the finance team had only weeks to deliver a financial infrastructure that could manage all aspects of their complex revenue processes. Softrax automated the entire revenue cycle, including maintenance renewals and deferred revenue, providing a single system that easily integrates acquisitions.
industry for 2008.
Upcoming Educational Seminars
2008 Executive Seminars on Revenue Recognition
Softrax is a sponsor of the following executive education providers and these CPE accredited courses.
Currently a member of the Emerging Issues Task Force (EITF) of the Financial Accounting Standards Board (FASB), Dr. Sondhi’s events are designed for CFOs, controllers, financial reporting managers and others responsible for understanding and applying current accounting rules.
Software Revenue Recognition: September 25 & 26, Jacksonville, FL | October 23 & 24, San Jose, CA
FASB and EITF Updates: October 2 & 3, San Francisco, CA
Advanced Topics in Acquisition Accounting: November 6 & 7, Las Vegas, NV
General Revenue Recognition: November 20 & 21, San Jose, CA
Advanced Topics in Software Revenue Recognition: December 15 & 16, San Jose, CA
+ more information and registration
Register as our guest and save $200!
Enter code "E8249/SFTX" when registering
EEI FASB Update: The Definitive FASB Course
Scheduled dates and cities: June 23-24, San Francisco, CA | June 26-27, Boston, MA
