July 28, 2022: Financial Transformation – Solving Complex Revenue Management in a Single Solution

Challenges in contemporary accounting are requiring multiple systems, wasting important time and resources. The following areas have proven problematic to accounting teams of all sizes:

• Migration to subscription and consumption-based billing, in which customers are demanding changes that differ from traditional legacy models
• New revenue recognition guidance, which is meant to simplify but instead adds layers of complexity
• The growth of the Internet of Things (IoT), which is resulting in dramatic increases in billing and revenue recognition complexity
• Migration of back-office infrastructure to multi-tenant cloud

The ideal fix would achieve and maintain a high level of automation, operate with zero customization and spreadsheets, and have a forward-looking agility that does not require customization.

SOFTRAX is proud to offer this solution with its Revenue Management System, which has the world’s most sophisticated billing and revenue recognition automation – all in a single multi-tenant cloud application.

Follow SOFTRAX on LinkedIn for more information about this and upcoming news and events from SOFTRAX.