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SOFTRAX ON-DEMAND WEBINAR

The Internet of Things is great! But, it could have an explosive impact on your back office

This webcast will be presented by Tom Zauli in collaboration with Chad Mello and Kyle Britto of CFGI. With a focus on the impact of the Internet of Things, we will explore:

  • How the Internet of Things complicates formerly-simple models billing and revenue recognition
  • Subscription billing
  • The intersection of IoT and ASC 606
Chad Mello
Kyle Britto
Tom Zauli

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What You’ll Learn in This Webinar

The Internet of Things is great!... But, it could have an explosive impact on your back office

Originally broadcasted on April 27th, 2021

Leveraging the Internet of Things can lead to a significant increase in complexity in both the billing and revenue recognition processes in the back office.  For many companies, this represents an entirely new processing model. SOFTRAX is thrilled to be joined once again by Chad Mello and Kyle Britto of CFGI for their knowledge and expertise on this topic during the virtual webcast, "The Internet of Things is great!... But, it could have an explosive impact on your back office. Learn of the challenges subscription and consumption based billing models present and the even more complex ramifications that may exist in downstream or parallel revenue recognition processes.

This webcast will focus on the following key areas as well as the critical concepts surrounding them and their practical application:

  • How the Internet of Things complicates formerly-simple models billing and revenue recognition
  • Subscription billing in order to account for IoT often leads to usage-based billing models
  • The intersection of IoT and ASC 606 – implications for allocations, contract modifications, and much more

WHO SHOULD ATTEND:
Staff accountants, internal and external auditors, controllers, CFOs, and financial analysts responsible for financial reporting, presentation, and analysis of issues at their companies as well as all users of financial statements will find this webcast useful.

OBJECTIVES AND PREREQUISITES
This webcast is designed to explore the challenges subscription and consumption based billing models present and the even more complex ramifications that may exist in downstream or parallel revenue recognition processes. Bring your questions surrounding the topic for a Q&A with our panel of experts! No prerequisites will be required to attend.

This Group Internet-Based course was worth 1.0 CPE credit in the field of Accounting during its original broadcast. Viewing the replay will not warrant CPE credit.

SOFTRAX is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Refund policy: as this was a free event, no refunds will be required.

About The Hosts

Chad Mello
Managing Director, CFGI

Chad brings over 12 years of experience to his clients, providing complex accounting solutions to both public and private companies of all sizes across multiple industries, including biotech, pharmaceutical, life sciences, and software. Chad has extensive experience with assisting clients with revenue recognition, including the new revenue standard ASC 606. He has also led engagement teams through multiple system implementations related to revenue recognition automation and has provided varying types of AIS and complex modeling services to his clients. In addition, Chad is also knowledgeable in additional areas including accounting for Share based payments, Preferred stock, and Debt related transactions.

Kyle Britto
Senior Manager, CFGI

Kyle Britto is a Senior Manager with CFGI and has assisted several of his clients with the adoption of the new revenue standard ASC 606. As part of these experiences, Kyle has also spent a significant amount of time working in parallel with Softrax on client engagements through modeling complex manual revenue recalculations as well as a variety of system configuration testing procedures.

Tom Zauli
Senior Vice President and General Manager, SOFTRAX

Tom Zauli is currently SVP & General Manager at SOFTRAX, a provider of advanced revenue recognition software automation. Prior to this he was VP of Sales and Marketing at SOFTRAX. Prior to that Mr. Zauli worked in the sales organizations at various start up companies and as an Electrical Engineer for GE Aerospace.

To register for this free webinar, please submit the form at the top of your screen.