Telestream is the global leader in workflow automation, media processing, and video quality, specializing in products that make it possible to get video content to any audience regardless of how it is created, distributed, or viewed. The company has been at the forefront of growth in the digital video industry for the past 25 years. Telestream’s strong, multidecade growth meant that it needed a growth strategy for revenue management to keep pace with evolving revenue recognition and billing functions, which have become increasingly complex.
For the Telestream accounting team, keeping pace with changing revenue management processes put a strain on team members’ time and resources. In particular, the team had to deal with the complexity of recognizing revenue that included a need for proportional allocations against Stand-Alone Selling Price (SSP), which also tied up team resources. The company wanted to automate these complex processes and the monthly reporting, while also eliminating as much manual work as possible. Telestream utilizes Microsoft Dynamics 365 ERP and needed a system that could handle these needs and integrate with their current ERP system.
Download the full case study to better understand the challenges facing Telestream and how SOFTRAX helped provide solutions that streamlined and automated their revenue processes.