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What is Milestone Billing and Why Automate the Process?

Milestone billing is a payment cycle that uses agreed-upon events or deliverables as billing deadlines. Many cases require advanced functionality with milestone billing automation.
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Cloud-based Revenue Management for Complex Billing and Revenue Recognition

Cloud-based Revenue Management for Complex Billing and Revenue Recognition

The migration to recurring revenue business models coupled with recent changes in revenue recognition accounting guidance necessitates additional infrastructure for support in the back-office, prompting companies to look for modern, cloud-based revenue management
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Mitigating the Impact of Subscription Billing with Modern Revenue Management Solutions

How to manage the challenges behind the subscription-based business model with leading revenue management software solutions.
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Revenue Management Solutions to Remain Compliant with the SEC

Throughout 2021, SOFTRAX released industry specific blog entries that explored financial reporting challenges and SEC comment letter trends. These posts can be found in the SOFTRAX Library and feature information
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ASC 606 Solutions for the Professional Service Industry

ASC Topic 606, Revenue from Contracts with Customers, adds a new series of hurdles for businesses with the new five-step framework to the revenue recognition process. With the expansive challenges
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The Impacts of Continuous Accounting and How to Support It

Part two of the two-part blog series “The Future of Finance” The goal of achieving a more strategic finance and accounting function in a corporation has led to the rise of
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What Is Continuous Accounting and What Are the Benefits?

Continuous accounting is a key factor to achieving a more strategic finance and accounting function in a corporation. And yet, many accounting organizations have fallen back and are reporting an
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The Effects of Recurring Revenue Business Models on Revenue Recognition

SOFTRAX partnered with Aria Systems in the summer of 2021 for the live webinar, “Recurring Revenue Ripples Through Revenue Recognition” to discuss how agility in serving customers with recurring revenue
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ASC 606 and Challenges to the Healthcare Industry

It’s no surprise that the healthcare industry is facing unique and disruptive challenges that are affecting areas such as productivity, revenue cycle, and supply chain on a major scale. Given
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Telecommunication and ASC 606: Revenue Recognition Under the New Standard

The telecommunications industry has been grappling with the new levels of complexity presented by the revenue recognition standard, ASC 606. For telecommunications entities, notable challenges include those related to determining
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