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.
Category: SOFTRAX Revenue Recognition Blog
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
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
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 telecommunications industry has been grappling with the new levels of complexity presented by the revenue recognition standard, ASC 606. For telecommunications entities, notable challenges include those related to determining