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IDC: SOFTRAX and the Profit Management Automation Concept

If someone would ask about the nature of enterprise applications, functionality convergence would be at the top of the list. In fact, today’s new financial realities are pushing users to seek out seamless transactional processing and operational support on all levels.

More specifically, Sarbanes-Oxley, and other guidelines from the Financial Accounting Standards Board (FASB) and the U.S. Securities and Exchange Commission (SEC), brings into high relief the more stringent controls that government and shareholders are demanding of publicly held corporations. This panoply of newly mandated revenue recognition rules has increased both the corporate pain level, as well as the CFO/CEO fear level, to the point where enterprises are actually taking measures to address the issue.

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ASC 606 Revenue Recognition Checklist

Do you know the five steps of ASC 606 and the impact of them on your revenue? The SOFTRAX ASC 606 Checklist can help.