Webinar Replay: Recorded 9.22.22
HOW TO DEPLOY SUBSCRIPTION BILLING TO MAXIMIZE AUTOMATION AND COMPLY WITH ASC 606 / IFRS 15
Subscription and consumption billing are replacing old and adding new revenue streams to industries once constrained by milestone billing. However, the subscription billing model triggers some of the most complex areas of the ASC 606 & IFRS 15 revenue recognition guidance, especially for companies with ERP systems that face a loss in automation, both in billing and revenue recognition processes.
In this Webinar replay, SOFTRAX examines subscription billing models in relation to the five-step requirements of ASC 606 / IFRS 15 and discusses this transition as an opportunity to transform revenue accounting to a substantially higher level of efficiency, even in the context of this increase in complexity.