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Category: SOFTRAX Revenue Recognition Blog

How to Manage the Contract Renewal Process
4.12.23 |
How to Manage the Contract Renewal Process
Accurately tracking the revenue stream throughout the contract renewal process is a prominent struggle for companies large and small. Without easy access to the appropriate data to understand new revenue,
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10.19.22 |
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
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Billing and ASC 606/IFRS 15 for the healthcare industry
8.24.22 |
Billing and ASC 606/IFRS 15 for Healthcare Entities
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
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revenue management software for telecommunication industry billing and ASC 606 challenges
8.19.22 |
Compliance Challenges in Billing and ASC 606 for Construction Companies
Complexities in billing and ASC 606 impacts compliance for construction companies.
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8.12.22 |
Telecommunications Industry Billing and ASC 606 Compliance Challenges
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
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Revenue-Management-System-Team
5.20.22 |
What is Milestone Billing and Why Automate the Process?
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.
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Cloud-based Revenue Management for Complex Billing and Revenue Recognition
4.1.22 |
Cloud-based Revenue Management for Complex Billing and Revenue Recognition
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
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2.28.22 |
Mitigating the Impact of Subscription Billing with Modern Revenue Management Solutions
How to manage the challenges behind the subscription-based business model with leading revenue management software solutions. Trends from the past years consistently show that buying preferences have shifted from ownership
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2.4.22 |
Revenue Management Solutions to Remain Compliant with the SEC
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
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12.23.21 |
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
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