Tag: revenue management software

revenue management software for telecommunication industry billing and ASC 606 challenges
Compliance Challenges in Billing and ASC 606 for Construction Companies
Complexities in billing and ASC 606 impacts compliance for construction companies.
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Telecommunications Industry Billing and ASC 606 Compliance Challenges
Given the nature of their business, telecommunications companies have had a high level of success in revenue recognition processes. However, for most industries, including the telecommunications industry, billing and ASC
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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. Trends from the past years consistently show that buying preferences have shifted from ownership
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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 on the SOFTRAX Blog and feature information on
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ASC 606 Revenue Recognition Checklist

Do you know the five steps of ASC 606 and the impact of them on your revenue? The SOFTRAX ASC 606 Checklist can help.