June 22, 2023: Manage and Automate Your Most Complex Billing and Revenue Recognition Processes

Subscription and consumption bill models offer important new revenue streams, but they also trigger complexity in revenue recognition and the renewal process. This has created a race to update the back-office, which is not an easy task. Existing ERP systems are not designed for these new bill models, nor for the ASC 606 & IFRS 15 revenue recognition guidance. Migration of these systems to multi-tenant cloud means customization is no longer an option to fill gaps, leading to over-reliance on spreadsheets. The approach is time-consuming, error-prone, and costly. Point solutions meet needs but drive a separation between billing and revenue recognition.

In this webinar, we offer an in-depth look at an automation solution. The SOFTRAX Revenue Management System (RMS) allows for multiple forms of complex billing and revenue recognition to occur at the highest state of automation in the context of a single, flexible, multi-tenant cloud application. SOFTRAX RMS leverages SOFTRAX’s more than 20 years of experience in providing leading billing and revenue recognition solutions. The webinar will include real-world examples of how billing and revenue recognition is automated in even the most complex scenarios.

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