Hardware

Companies that sell hardware with integrated software components such as

• network appliances
• security solutions
• medical devices
• testing equipment
• or other complex IT equipment

can have complex revenue and expense accounting issues. Revenue from hardware, software, and maintenance line items must be unbundled and recognized according to vendor specified objective evidence (VSOE) requirements. This typically results in a proliferation of spreadsheets which introduces inefficiencies and risk.

Softrax simplifies things for you and your customers

Softrax delivers robust capabilities for managing all aspects of revenue accounting, especially complex deferrals. With Softrax, it's easy to perform intricate tasks such as: creating and managing multiple VSOE price books; reallocating VSOE component revenue; incorporating price triggers into reallocation calculations; calculating residual carve outs according to SOP 98-9; and getting revenue recognition for "specified upgrades" right. Spreadsheet accounting becomes a thing of the past.

Softrax also provides a single source of comprehensive account information with unprecedented analysis and forecasting capabilities. As a result, finance executives can optimize revenue, lower costs, and better manage the true growth drivers of the business.

Key Benefits

Automate revenue accounting and forecasting Simplify deferred revenue accounting, especially VSOE Streamline order management Track renewal dates Easily integrate with other systems such as billing and inventory Enhance compliance initiatives Increase insight into business performance

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