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What Every CFO Needs to Know About Managing Services-Based Business Models

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Traditional business models are getting shattered by subscriptions.

No one can doubt the new services economy is flourishing. The cloud, mobile, digital, connected devices, globalization - all these things have had a hand in reshaping business and powering new business models. Companies today are wrapping service-based business models, e.g. software subscriptions, professional services, and usage-based billing, on top of traditional product sales. And while this shift adds new complexities for finance and has major revenue recognition implications, it also gives finance leaders huge opportunities to become bigger value creators for their business and make a stronger impact on enterprise wide strategies - not just financials.

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