SOFTRAX, Inc.

Category: Content
Type: Blog Article

Generated 2 months ago

New blog articles detected

  • Analyzing ERP System Options: ERP Augmentation Software

    The complexities of FASB and the IASB’s new revenue recognition guidelines will place heavy strain on back office processes. For quarters starting after December 15, 2017, companies will be required, under ASC 606 and IFRS 15, to perform specific accounting processes that their existing ERP software or legacy systems don’t execute well or, in some cases, don’t offer at all. Companies c...

SOFTRAX, Inc.

Category: Content
Type: Blog Article

Generated 2 months ago

New blog articles detected

  • Analyzing Options - Rip & Replace ERP Systems

    With the new ASC 606 and IFRS 15 regulations, companies cannot continue with their current revenue accounting practices. When legacy ERP systems no longer support financial processes, it's time to take action and analyze the options for upgrading ERP and financial systems. Organizations with complex revenue recognition must implement a system and a process to remain compliant. This blo...

  • Updating ERP Systems: Analyzing the use of Spreadsheets for Accounting

    When it comes to revenue recognition and billing, ERP systems do not have the depth of functionality needed to process revenue under the new ASC 606 and IFRS 15 guidelines. Many finance professionals must use manual methods outside the ERP system to address these challenges.

SOFTRAX, Inc.

Category: Content
Type: Blog Article

Generated 7 months ago

New blog articles detected

  • Analyzing the Options: ERP Customization

    New business models and FASB’s new revenue recognition guidelines pose a threat to existing ERP systems. Some companies have achieved business improvement from their ERP systems. However, many companies are quickly realizing that the key benefits, once leveraged from their Enterprise Resource Planning (ERP) system, are now unavailable due to the increasing complexities stated above.

SOFTRAX, Inc.

Category: Content
Type: Blog Article

Generated 7 months ago

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