Park Place Technologies

Park Place Technologies

In the Summer of 2020, Park Place Technologies (“Park Place”) went live on SOFTRAX Revenue Manager, replacing their previous revenue recognition system. This system, like many on the market today, while automated, required manual intervention on a contract-by-contract basis to ensure the proper revenue recognition treatments were applied. Like many systems, the effort to ‘set the contract up’ for revenue recognition was on the order of anywhere between 20-30 minutes per contract.

Download the full case study to better understand the challenges facing Park Place Technologies and how SOFTRAX helped provide solutions that brought efficiency and automation to their organization.

Read the Full Case Study


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.