The task of managing revenue is fundamental to the successful operation of any company. However, recent events have shaken the back -office infrastructure supporting these processes. Companies are leveraging new consumption and recurring billing models to optimally monetize relationships with
ASC 606 / IFRS 15 is guidance developed by FASB and the International Accounting Standards Board (IASB) to drive consistency in financial reporting across industries through a five-step model for revenue recognition. Its goal is to create a standard method
Consumption Billing Simplified Consumption Billing is transforming the customer experience across a number of industries, and SOFTRAX allows you to realize the gains in a way that is seamless and that supports both simple and complex billing models. Automate Consumption
The rise of recurring and consumption billing, new regulations under ASC 606 and IFRS 15, and organic and inorganic growth are all pushing existing back-office systems to their limit. This has led to a step back in automation, with customizations, spreadsheets,
The accounting standards ASC 606 and IFRS 15 have created an increase in the complexity of revenue recognition in a number of verticals for companies around the globe. For those already dealing with complex revenue recognition requirements, the need to adopt