Tag: Subscription billing

Can Your Business Handle the “Subscription Billing Pause”
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Can Your Business Handle the “Subscription Billing Pause”?

The subscription market continues to thrive despite inflation and changing economic conditions, with consumers valuing subscription services for convenience and choice. What has changed are customer expectations of membership and billing options, with more consumers wanting the ability to pause a service. A study from PYMNTS found that 60% of

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ASC 606 Solutions for the Professional Service Industry
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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 to financial reporting and internal control systems the new standard poses, companies need to consider the best revenue recognition solution

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The Effects of Recurring Revenue Business Models on Revenue Recognition
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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 business models and precision and flexibility in revenue recognition go hand in hand. Senior Vice President and General Manager, Tom

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