Welcome to the Softrax Resource Center

NEW!—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 from strategy to scope, design, and execution.

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 Evidence. What??? We can demystify it a little. And we will tell you why you should pay close attention to it from now on – especially if you don’t think you are in the software business.

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 sometimes even for the same deliverable.

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.

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.

Roadmap to the Revenue Compliant Enterprise

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

NEW!–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 reporting standards, and therefore, the notion that IFRS will simplify revenue reporting is a misconception.

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 and inaccuracies in their revenue reporting processes.

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 close process.

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.

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.

The Compliance Chasm
RevenueRecognition.com, in association with IDC, examines the relative cost and effectiveness of key compliance activities for Sarbox 302 and 404.

The Impact of Tools on Forecasting
RevenueRecognition.com, in association with IDC, examines how companies can achieve greater efficiency and higher satisfaction with their forecasting processes.

The Impact of Compliance of Finance Operations
RevenueRecognition.com in association with IDC present the findings from a survey of 118 business leaders on the impact of today's regulatory requirements.

These presentations by Trent Gazzaway, Managing Partner, Corporate Governance, Grant Thornton LLP, explain new interpretive guidance for identifying risk and controls, evaluating effectiveness and reporting and documenting results.

• SOX 404: SEC's Interpretive Guidance for Management
• SOX 404: COSO Guidance on Monitoring Internal Control

Taming the Risk and Liability Beast
In this presentation text, Brian Pastuszenski, a Co-Chair, Securities Litigation and SEC Enforcement Group, Goodwin Procter, LLP, offers practical advice for corporations and their officials to use in compliance and risk initiatives.

Even If You're Private: What You Should Know About Sarbanes-Oxley
The ideas presented in this white paper will help private companies avoid pitfalls that could interfere with important future milestones, such as an acquisition or an IPO, and will contribute to the foundation of a company culture of fiscal and corporate responsibility.

Sarbanes-Oxley: Key Issues for CFOs and CEOs
This white paper reviews the Sarbanes-Oxley act in a clear and concise manner, explaining why this governmental regulation is the broadest governmental reform in a generation.

The SOx 404 Compliance Countdown: Critical Revenue Recognition Need-To-Knows for Technology Companies
This white paper reviews the critical revenue recognition need-to-knows for technology companies. Are you prepared to meet the deadlines and issues?

Benchmarks for Billing Processes: How Complex Business Models Impact Quality, Accuracy and Efficiency
New research shows how business models, billing and computational methods, and customer preferences impact billing complexity.

Billing Strategies for Innovative Business Models: How Boring Old Billing Could Be the Competitive Advantage You Never Knew You Had
Billing processes are one of the most underrated competitive assets in business. This paper examines the complex billing requirements of businesses such as e-commerce, information providers, content aggregators, business process outsourcers and more. Self-assessment questions help determine if your billing systems are ready to take on the competition.

Accounting for Software as a Service
Today some of the most important innovations in the software industry are about the business model—how technology is being sold and delivered. Offering Software as a Service (SaaS) via subscription or utility models is reshaping key customer relationships for high tech companies. This white paper discusses the advantages of the SaaS model and the implications for managing brand new revenue streams.

Meta Group: Leveraging Revenue Management Solutions
This Meta Group white paper takes an in-depth look at the Revenue Management process and the available tools to assist the enterprise.

IDC: Softrax and the Profit Management Automation Concept
If someone would ask the nature of enterprise applications, functionality convergence would be at the top of the list. In fact, today’s new financial realities are pushing users to seek out seamless transactional processing and operational support on all levels.

Aberdeen Group: Impact - Softrax Automates Revenue Recognition Management: Contract Admin, Subscription, and Transaction Billing
Softrax, a leader in revenue recognition software in accord with accounting mandates for software suppliers, enhances its product suites with Contrax — a software solution for managing contract data, subscription, and transaction-based revenue.

A Review of Earnings Restatements
Earnings restatement rewrites a company’s history. Although it is not a new phenomenon, the number of corporate earnings restatements due to aggressive accounting practices, accounting irregularities, or accounting fraud has increased significantly during the past few years, and it has drawn much attention from investors, analysts, and regulators.