Date: Thursday, January 22, 2015
Time: 2:00 pm
- 3:00 pm
EST
The rise of recurring revenue business models and the Internet of Things (IoT) is transforming a wide range of industries, creating new opportunities for customer engagement and revenue growth. However, with dramatic regulatory change (ASC 606), and more companies adding software and subscription-based software as service (SaaS) components to their existing product mix, it’s critical for businesses to fully understand both the advantages and back-office impact of these offerings. Much focus has been placed on the billing implications of adopting recurring models, but little emphasis has been given to the revenue recognition impacts – until now.
Join Andrew Dailey, Managing Director at MGI Research, as he discusses:
- How recurring revenue models have redefined what it means to be a successful company
- How your company can benefit from the growth of subscription-based products and services and the rise of IoT
- The importance of agile pricing and monetization in the age of recurring and “as a service” business models
And listen to David Milligan, Director of Solutions and Services with the revenue recognition experts at SOFTRAX, to understand the revenue recognition complexity your organization must be ready to deal with. You’ll learn about:
- Preparing your infrastructure for SaaS and subscription products
- Specific revenue recognition challenges, including:
- managing deferral of COGS
- complex fair value determination
- advanced allocation and carve method requirements
- Potential issues arising from the new ASC 606 and IFRS 15 revenue recognition rules