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“We are adopting Softrax revenue manager for 606 because of several things, but mainly because the separation of order to cash versus order to revenue. And the Ability of 606 ability to do some of these synchronizing events with price books...We want to avoid that kind of risk of material misstatement or missing revenue due to
timing or allocations of amounts.”

“Softrax’ revenue management solutions will accelerate the financial reporting and certification process, making it possible to reduce the time it takes to close the books, while maintaining the accuracy and quality of the information. Softrax solutions provide enhanced visibility into our diverse revenue streams will enable us to continue to ensure compliance with current SEC and FASB regulations governing revenue recognition.” 

JEFF MATTHEWS
DIRECTOR OF REVENUE & CONTRACTS
Tyler Technologies

"We probably had twice as many spreadsheets as products. So it got to be extremely unwieldy for us from the perspective of revenue recognition, accurate and timely invoicing, and forecasting renewals.”

"The revenue recognition and maintenance renewal functionality that Softrax provides will significantly enhance our existing financial systems and the revenue reporting capability will improve our efficiency."

JON GREIFENKAMP
VP of FInance
Solucient (Acquired by Thomson Corp)
JEFF CHALMERS
Corporate Controller
LogicVIsion, Inc

"After an extensive evaluation process, we felt SOFTRAX was the only product on the market that addressed all the complexities related to software revenue recognition." 

Softrax has a nice audit trail. We can trace every single deferred revenue string back to a particular order, when it was done and by whom.” 

STEVE LANCE
Controller
Docent Inc (SumTotal Systems)

SHEILA GEFFRE
Controller
Accellos

“ Adding substantially to the challenge is the sheer volume of transactions, and the fact that we do very large deals with unique elements. That requires revenue recognition policies to be applied on an account-by-account basis. Softrax automated our manual processes, allowed us to capture the granularity we require with respect to reporting, and put the requisite controls in place for revenue recognition compliance.” 

Our Customers

These are just a few of the companies that rely on SOFTRAX products to meet their billing and revenue recognition challenges.
Thomson Reuters Elite Logo3M Health Information Systems LogoIBM LogoWellness and Prevention Inc. - A Johnson & Johnson Company Logoepicor-resized-600.jpgCo-Op Network LogoTransCore DAT Solutions LogoCision LogoSilverpop LogoTextura LogoCEB LogoAxway LogoCincom LogoRMS LogoAmerican Software LogoConfluence LogoCCH Small Firm Services LogoComScore LogoSNL Financial LogoAPAC Customer Services LogoTouchNet Logo

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Schedule a demo to talk to an Softrax Specialist about your specific needs.

972-715-4028 Schedule Demo