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Tag: Complex billing

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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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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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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ASC 606 Effects on Cloud Computing Arrangements

Common trends in SEC comment letters for the cloud computing industry and the connections to ASC 606 revenue recognition disclosure requirements. This article explores revenue recognition solutions for the cloud
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Break the Lock-In: When, Why, and How to Upgrade Your ERP System

Once your company reaches a certain size, ERP and financial systems become indispensable in your day-to-day operations. However, the more tightly you integrate these systems with your business processes, the
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Tooling Up Your ERP for the Recurring Revenue Economy

Subscriptions aren’t just for magazines anymore. In fact, for many businesses—both new and old—subscription-based contracts have become the norm. If you need proof of that, look no further than the
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