E-Commerce

E-commerce providers have multiple revenue streams and pricing structures that create complex accounting challenges. Data on product sales, services, commissions, advertising, and even subscriptions must be fully integrated into the billing and revenue recognition system. Otherwise revenue can fall through the cracks and performance information can be difficult to produce.

Softrax simplifies things for you and your customers

Softrax solutions address all the billing and revenue accounting needs of e-commerce companies. Spreadsheet accounting is a thing of the past. Key contract terms are managed across thousands of customers, each with unique usage rights, pricing, and renewal periods. Complex pricing plans can be implemented and managed with ease. Invoices can consolidate flat fee, per service, and per transaction charges according to each customer's preferences. Expenses can easily be deferred and matched with revenue recognition schedules.

In addition, account information is captured in a comprehensive database providing unprecedented performance analysis and forecasting capabilities. As a result, financial executives can optimize revenue, lower costs, and make better strategic decisions.

Key Benefits

Integrated accounting for multiple revenue streams Extensive deferred revenue capabilities, including VSOE Easily manage hundreds of price books Consolidate billing for one-time, recurring, and variable charges Automate revenue and expense accounting Integrates easily with front-end e-commerce systems Enhance compliance initiatives Increase insight to improve executive decision-making

Learn more about how Softrax can fundamentally improve your billing and revenue management processes.