Author: Anne Coyle

Can Your Business Handle the “Subscription Billing Pause”
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Can Your Business Handle the “Subscription Billing Pause”?

The subscription market continues to thrive despite inflation and changing economic conditions, with consumers valuing subscription services for convenience and choice. What has changed are customer expectations of membership and billing options, with more consumers wanting the ability to pause a service. A study from PYMNTS found that 60% of

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SEC Compliant Revenue Management Solution
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SEC Compliant Revenue Management Solution

Throughout 2021, SOFTRAX released industry-specific blog entries that explored financial reporting challenges and SEC comment letter trends. These posts can be found on the SOFTRAX Blog and feature information on leading revenue management solutions for complex billing, revenue recognition under ASC 606 and IFRS 15, and more.

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ASC 606 Solutions for the Professional Service Industry
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ASC 606 Solutions for the Professional Service Industry

ASC Topic 606, Revenue from Contracts with Customers, adds a new series of hurdles for businesses with the new five-step framework to the revenue recognition process. With the expansive challenges to financial reporting and internal control systems the new standard poses, companies need to consider the best revenue recognition solution

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The Impacts of Continuous Accounting and How to Support It
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The Impacts of Continuous Accounting and How to Support It

This blog post is part two of the two-part blog series “The Future of Finance.” The goal of achieving a more strategic finance and accounting function in a corporation has led to the rise of Continuous Accounting. Catch up with part-one of this two-part blog series. The webinar, “The Future of

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The Effects of Recurring Revenue Business Models on Revenue Recognition
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The Effects of Recurring Revenue Business Models on Revenue Recognition

SOFTRAX partnered with Aria Systems in the summer of 2021 for the live webinar, “Recurring Revenue Ripples Through Revenue Recognition” to discuss how agility in serving customers with recurring revenue business models and precision and flexibility in revenue recognition go hand in hand. Senior Vice President and General Manager, Tom

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ASC 606 and Challenges to the Healthcare Industry
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ASC 606 and Challenges to the Healthcare Industry

It’s no surprise that the healthcare industry is facing unique and disruptive challenges that are affecting areas such as productivity, revenue cycle, and supply chain on a major scale. Given the current market, healthcare entities may find themselves strapped for resources ranging from supplies to staff, grappling with changes to

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