SOFTRAX Resource Center

NEW! The Costs of Revenue Recognition
As revenue recognition accounting changes, companies are spending more time and money to keep up. This is particularly true for software companies. AICPA Statement of Position 97-2, Software Revenue Recognition, was issued in an era when software... + read more

Seismic Shift in SOP 97-2 - New ASU 2009-14 (EITF 09-3)
ASU 2009-14 (formerly known as EITF 09-3) tackles a hotly debated item: Should the existence of a software component in a tangible product trigger the application of software ... + read more

EITF 00-21 Replaced – New ASU 2009-13 (EITF 08-1) Allows for Estimated Selling Price
Accounting Standards Update ASU 2009-13 (formerly known as EITF 08-1) introduces a “selling price” hierarchy for multiple-deliverable arrangements and for the first time allows ... + read more

EITF 08-9: Milestone Method of Revenue Recognition
On April 7, 2009 the EITF published a draft abstract of EITF 08-9, "Milestone Method of Revenue Recognition." If approved, EITF 08-9 will introduce a new method of revenue recognition ... + read more

Synopsis of FASB & IASB Preliminary Views on Revenue Recognition
After more than six years of deliberation, the Financial Accounting Standards Board and the International Accounting Standards Board have published their preliminary views on a new model ... + read more

Revenue Recognition: an IFRS "Hot Spot"
This article outlines the key differences in the standards and provides a step-by-step approach to managing change as the fundamentals regarding revenue recognition and reporting ... + read more

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 ... + read more

Best Practices in Billing & Revenue Recognition for Software Companies
Companies across the software industry are under increasing pressure to maximize revenue and reduce operating costs, while optimizing business performance. + view now

Coordinating Complex Billing and Revenue Recognition
Managing rapid growth, complicated pricing, and changes to their business model required this mobile messaging provider to eliminate manual accounting processes. The deployment ...+ read more

Scaling Up With a Subscription Licensing Model
When the products of this auto insurance solutions provider really took off, they left the company’s primary accounting tools in the dust. With a subscription-based business model...+ read more

Preparing Revenue Processes for Going Public
A very fast-growing private company, on its way to becoming a fast-growing public company, had to rethink and rebuild its financial systems to keep pace with the business. Spreadsheets and ...+ read more

Best Practices for Complex Billing and Revenue Recognition
Michael Allpass, Vice President Finance at Air2Web, the leading provider of mobile messaging and marketing applications for enterprises and carriers, presents a webcast...+ view now

Automating Deferred Revenue to Increase Productivity
Taxware (now ADP Taxware) selected Softrax to centralize and manage customer installation data and to automate maintenance renewals and billings. Taxware turned to Softrax ... + read more

Implementing Tighter Controls for Sarbanes-Oxley Compliance
Tumbleweed’s financial infrastructure comprised two enterprise systems and more than a dozen spreadsheets. As a result, reconciling financial transactions required ...+ read more

Integrating disparate financial systems with ERP
Harland Financial Solutions needed to replace the collection of accounting systems owned by their many subsidiaries with one, consistent system that could manage billing ...+ read more

Streamlining financial processes across multiple acquisitions
Over the years this municipal solutions provider acquired ten companies and ten different customer databases. As a result, accounting and finance processes became highly fragmented. + read more

Automating software and service revenue reporting in one system
When this software developer acquired a services company, they needed new tools and accounting systems to help merge and manage the two businesses. Softrax provided ...+ read more

Best Practices for Information Services Companies - Complex Billing and Revenue Recognition
Jon Greifenkamp, Vice President, Finance, Solucient (acquired by Thomson Corporation 10/2006), the leading provider of business intelligence to the healthcare ...+ view now

Automating accounting to improve billing, renewals and channel performance
Actify selected Softrax to centralize and automate a complex accounting function involving resellers worldwide. Actify also employs Softrax to drive maintenance renewal revenue directly ...+ read more

Establishing financial transparency and accuracy for acquisition
This retail solutions vendor was able to meet all of its business requirements for a new accounting infrastructure by implementing Softrax and Softrax PSA. The result was ...+ read more

Replacing a monolithic financials system to improve flexibility and control
Replacing an enterprise financials system with Softrax provided LogicVision with immediate cost savings and rapid return on investment. In addition, key financial data flows were streamlined, ...+ read more

Upgrading the financial infrastructure to support rapid growth
Sustaining rapid growth required that Framework (prior to being acquired by Centric Software) quickly establish efficient processes across the company, including finance. They selected...+ read more

Establishing enterprise revenue processes to support M&A and compliance
Strategic acquisitions and global operations at Vastera (prior to being acquired by JP Morgan) demand that financial processes be highly efficient and easily transferred to new ...+ read more

EITF 08-1 & EITF 09-3: Are you Prepared? (Part 1) - Conducted Live 9/15/10
Renowned Revenue Recognition expert, Tony Sondhi, will discuss the significant challenges companies face as they prepare to adopt these new standards ... + view now

Software Revenue Recognition - SOP 97-2 and SOP 98-9: The Beginning of the End? (Part 2) - Conducted Live 6/23/10
Renowned Revenue Recognition expert, Tony Sondhi, discusses the critical issues and implementation challenges facing companies as they prepare to adopt these new standards ... + view now

SOP 97-2 and SOP 98-9: The Beginning of the End? - Conducted Live 4/21/10
Renowned Revenue Recognition expert, Tony Sondhi, discusses the critical issues and implementation challenges facing companies as they prepare to adopt these new standards. + view now

Revenue Recognition under IFRS - Conducted Live 3/25/10
John Barnes, Partner, Grant Thornton, provides a critical update on some significant differences between revenue recognition under US GAAP versus IFRS and what you should be considering ... + view now

EITF 08-01 & 09-03: Preparing for Implementation - Conducted Live 2/23/10
Renowned Revenue Recognition expert, Tony Sondhi, discusses the critical issues and implementation challenges facing companies as they prepare to adopt these new standards. + view now

EITF 08-1 FINALIZED: Planning for Implementation - Conducted Live 11/10/09
Renowned Revenue Recognition expert, Tony Sondhi, discusses the critical issues & implementation challenges facing companies as they prepare to adopt ... + view now

EITF 08-1 & EITF's Recent Deliberations
Renowned Revenue Recognition expert, Tony Sondhi, will present an update on the EITF's recent deliberations on these issues. + viewr now

Your organization under IFRS
John Barnes, Partner, Grant Thornton, provides an insider’s view into what IFRS is and how it will impact your your accounting, internal controls, tax and ...+ view now

EITF 08-1, Revenue Recognition and You
Renowned Revenue Recognition expert, Tony Sondhi, discusses the FASB Emerging Issues Task Force Issue No. 08-1, Revenue Arrangements with ... + view now

The Essential Revenue Management Roadmap
Erik Stone, Managing Director, Protiviti, provides an insider’s perspective on the key financial, operation and regulatory considerations critical to the ... + view now

Linkage of Contracts: U.S. GAAP versus IFRS
Renowned Revenue Recognition expert Tony Sondhi, discusses this critical issue in accounting under IFRS. ... + view now

Laying the Foundation for Automating Revenue Accounting
Reed H. Kingston, Managing Director, and Alok Ajmera, Senior Manager, BearingPoint, discuss the strategic and operational success factors to automated ... + view now

The New Standard Part II: IFRS & Revenue Recognition
Renowned Revenue expert, Tony Sondhi , continues this discussion on emerging issues in accounting under IFRS. + view now

Making SaaS Pay: Operational and Accounting Issues of SaaS
Presented by Dr. Richard Moore, Director Revenue Solutions, Softrax. You developed the killer SaaS application and built a scalable IT infrastructure – but how ... + view now

Revenue Recognition and Your "Go-to-Market" Strategy
Lynne Triplett, and Craig Miller, Partners in Grant Thornton’s Accounting Principles and Assurance Groups, discuss critical revenue recognition pitfalls, ...+ view now

Revenue Reporting Risks and How to Avoid Them
Erik Stone, Managing Director, Protiviti, provides an insider’s perspective to the enterprise processes prone to revenue recognition and reporting risk. + view now

Get a quick estimate of the financial impact Softrax solutions can deliver to your business.
This tool analyzes the three primary areas where Softrax customers typically see the largest impact from our solutions: productivity improvements, cost savings, and new revenue ... + start now

NEW!—A New Model for Revenue Recognition
RevenueRecognition.com recently surveyed senior financial executives from 515 companies about the FASB/IASB proposal for a new revenue recognition model. The RevenueRecognition.com ... + read more

Risk and Complexity in Revenue Reporting under US and International Standards
A RevenueRecognition.com survey of 652 businesses in the US and 34 other countries found that risk and complexity in revenue reporting processes are similarly high irrespective of... + read more

Laying the foundation for automating revenue accounting
This white paper from BearingPoint and Softrax explains why companies should automate their revenue processes, and how to successfully manage each phase of the implementation process ...+ read more

What’s the Big Deal about VSOE?
It’s the leading cause of revenue restatements, a destroyer of stock market listings, accounting’s equivalent of quantum mechanics and string theory: it’s Vendor Specific Objective ...+ read more

Fundamentals in Software Revenue Recognition
Determining the right accounting literature to apply is not always as easy as it may seem. Software revenue recognition is complex – it often differs from customer to customer and ...+ read more

Best Practices in Revenue Reporting
A July survey of 578 business leaders by RevenueRecognition.com in association with IDC found that 57% of public companies cannot finalize their revenue numbers within their monthly ...+ read more

SOP 97-2: Current Issues in VSOE Accounting
This technical presentation from A.C. Sondhi, a member of FASB’s Emerging Issues Task Force (EITF) presents an insider’s guidance on a range of current VSOE accounting issues. + read more

Risks in Revenue Reporting
A June 2008 survey of 586 business leaders by RevenueRecognition.com in association with IDC found that 34% of responding companies were in the High Risk category for errors ...+ read more

Enterprise Systems and Revenue Recognition: The Missing Link
RevenueRecognition.com in association with IDC, present the findings from a survey of 685 business leaders about the need for improvements in their finance processes. + read more

Sarbanes-Oxley and Revenue Recognition Practices
RevenueRecognition.com in association with IDC, present the findings from a survey of 400 business leaders on the impact of Sarbanes-Oxley on revenue recognition practices. + read more

EITF 00-21: Revenue Arrangements with Multiple Deliverables
This white paper presents insights from A.C. Sondhi, a member of FASB's Emerging Issues Task Force, on the impact of EITF 00-21. + read more

Roadmap to the Revenue Compliant Enterprise

• Part One: "Achieving Accurate Revenue Accounting, Reporting, and Forecasting" + read more
• Part Two: "Managing Multiple Business Models" + read more