Liza Richardson - Subscription Based Revenue

Liza Richardson, VP, Solutions - Finance Transformation at Aptitude Software Limited, explains the consideration points, from an accounting perspective, on subscription based revenue streams.

“From an accounting perspective, it doesn’t really change anything, but what it does change is the need for automation.”

“When you take a subscription for something, usually it’s for a period of time. But with these accounts and things, not necessarily, because people open the account, and then they’re taking it for life really.”