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Tag: Revenue recognition

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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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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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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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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ASC 606 Revenue Recognition Impacts on Media and Entertainment Companies

The new revenue recognition accounting standard update, ASC 606, issued by the Financial Accounting Standards Board (FASB) has caused significant disruption in the back office.  Adoption of the new standard
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ASC 606 Impact on Construction Company Revenue Recognition

Should revenue be recognized at a point in time or over time following the new revenue recognition standard for construction companies?
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