Software and IT services companies are tasked with keeping up with the ever-changing technological landscape of their businesses, in order to increase customer satisfaction. CFOs in these businesses, while having to work with budget constraints with finding the right skill set, also have to grapple with managing multiple revenue sources in the most efficient way possible that saves the company the most amount of time and money.
For the software or IT services CFO, accurate billing, revenue recognition, streamlining processes, and gaining full visibility into all operational areas are the some of the key objectives and challenges faced.
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The CompuData infographic below outlines the key challenges that CFOs in software and IT Service companies face and the solutions to help alleviate some of these obstacles.
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