Revenue Recognition – implementing Standard IFRS 15 / ASC 606 by utilizing solutions devised by SOFTRAX. HMS will assist you to successfully implement the new regulation for revenue recognition – IFRS15 / ASC 606 – using solutions devised by SOFTRAX
Are you finding that trying to comply in an optimal manner and on time – with the new regulation for revenue recognition – IFRS 15/ASC606 (revenue from contracts with customers) – is a challenging task?
It is our experience that most companies who use complex revenue recognition models – such as software companies, service companies, and project-based companies are finding the implementation of IFRS 15/ASC 606 a challenging task.
Here are a few examples for where this task may prove challenging:
How many of the challenges specified here are relevant to you?
HMS will be happy to assist you to successfully implement the posting and reporting requirements which are stipulated in the new standardization, by using a leading solution for the management of revenue recognition, devised by SOFTRAX – a company which is exclusively represented in Israel by HMS.
SOFTRAX’s solution is a smart Sub Ledger currently helping hundreds of organizations around the world to comply withe all the requirements posed by the new standardization, in an automatic, easy and controlled fashion.
For further details – please contact Reshef Radin, a member of HMS BOD and head of the company’s Advanced Products division