Complying with ASC 606

Introducing an ASC 606 Software Solution to Help You Achieve Full Compliance

Implement an ASC 606 compliance solution and start preparing your business for the new revenue recognition requirements with Softrax revenue recognition software. Softrax solutions automatically handle your ASC 606 / IFRS 15 requirements, through use of the following functionalities:

• Automated dual-reporting for ASC 606
• Tools for determining transaction price and allocations under the new ASC 606 rules
• Audit trails and histories of system/user actions
• Built in Forecast reports
• Systematized revenue controls with continuous updates and documentation
• Easy access to revenue compliant data and internal control documentation
• Comprehensive review of the entire revenue process from initial quote, contract, or order, all the way to final reporting
• Conduct detailed analysis on multiple levels: business unit, product line, market segment, contract type, account, and more
• Data presented according to your company’s revenue policy
  
  

Implement ASC 606 Software

Stay ahead of the ASC 606 requirements and gain the tools necessary to improve your security and controls, reducing audit risks. Schedule a live demo with a Softrax representative today to learn how Softrax revenue recognition software can help you achieve full ASC 606 compliance.