Compliance challenges have become common in billing and ASC 606/IFRS 15 for the healthcare industry. Get started today with an automated revenue recognition solution to combat the challenges of billing
Category: SOFTRAX Revenue Recognition Blog
Complexities in billing and ASC 606 impacts compliance for construction companies.
Given the nature of their business, telecommunications companies have had a high level of success in revenue recognition processes. However, for most industries, including the telecommunications industry, billing and ASC
Milestone billing is a payment cycle that uses agreed-upon events or deliverables as billing deadlines. Many cases require advanced functionality with milestone billing automation.
The migration to recurring revenue business models coupled with recent changes in revenue recognition accounting guidance necessitates additional infrastructure for support in the back-office, prompting companies to look for modern, cloud-based revenue management
How to manage the challenges behind the subscription-based business model with leading revenue management software solutions.
Throughout 2021, SOFTRAX released industry specific blog entries that explored financial reporting challenges and SEC comment letter trends. These posts can be found in the SOFTRAX Library and feature information
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
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 is a key factor to achieving a more strategic finance and accounting function in a corporation. And yet, many accounting organizations have fallen back and are reporting an