Recognizing revenue for a subscription business can get quite complex. You need to accommodate for mid-cycle upgrades and downgrades, plan cycle changes, partial refunds and discounts.
But not recognizing revenue numbers correctly has far greater consequences than just a messy dashboard in your headquarters. With ASC-606 and IFRS-15, the Revenue Recognition standards currently mandated in the US and Europe, inaccurate financial reporting could have serious implications on valuations.
With the combined value of Chargebee’s subscription engine with Softrax‘s diverse revenue templates your Finance team gets to work on ASC 606/IFRS 15-compliant revenue reports.