News and Events

04/14/10

AFS FINANCIAL SOLUTIONS ANNOUNCES THE RELEASE OF SOFTRAX® DISCOVERY ADVANCED ANALYTICS

Integrates Seamlessly with SOFTRAX® Billing and Revenue Recognition Solutions

Canton, Mass., - April 14, 2010 – AFS Financial Solutions, a leading provider of enterprise revenue management and billing solutions, today announced the availability of SOFTRAX® Discovery, an advanced analytics suite for SOFTRAX® Billing and Revenue Recognition solutions. This powerful suite of analytics offers robust revenue reporting, while providing comprehensive analysis across a wide variety of data elements critical to making informed decisions based on orders, invoices, contracts and more across enterprise applications, including third-party systems like CRM and financials.

“Building on the recently announced SOFTRAX® Advanced Financials, SOFTRAX® Discovery advanced analytics suite represents a significant step forward in revenue reporting for SOFTRAX® customers, integrating seamlessly with existing SOFTRAX® solutions,” said Kurien Jacob, CEO of AFS Technologies, Inc.

With the release of SOFTRAX® Discovery, AFS Financial Solutions has improved and expanded the capabilities most needed by companies constrained by their inability to clearly view, report on, dissect and analyze the data that governs their critical revenue streams. This new analytics suite offers customizable dashboards, and can be used even when users are disconnected or offline. This release of SOFTRAX® Discovery demonstrates a continued commitment by AFS to delivering innovative financial solutions. New features and improvements include:

• Flexible Deployment with Portable Data – SOFTRAX® Discovery is a portable analytics solution that allows users to analyze business data from anywhere, even when disconnected or offline, making this analytics solution ideal for mobile users and sales teams. Offered on a subscription basis with minimal setup charges, SOFTRAX® Discovery is a cost-effective and risk-free analytics solution.


• Expanded Data Dimensions – SOFTRAX® Discovery provides comprehensive analysis across a wide variety of data elements critical to making informed decisions based on orders, invoices, contracts and – most importantly – revenue. Analysis can be conducted based on the state of revenue, whether it has already been recognized, deferred, or when it is expected to be recognized.


• Fully Customizable Dashboards and Visual Data – An intuitive point-and-click, tab-based navigation system minimizes initial training time. Customized dashboards provide fast, detailed snapshots of the information necessary to make decisions based on unique KPIs.


• Easily Integrate with Existing Enterprise Applications – SOFTRAX® Discovery provides the flexibility to augment your SOFTRAX® data with data imported from third-party systems of record, such as SFA, CRM and third-party financials systems, helping you realize greater economies of scale.


• Cost-effective Deployment – SOFTRAX® Discovery is deployed as a service-based offering that integrates with your existing infrastructure. Zero-server install and maintenance translate into real cost savings for organizations of all sizes.

SOFTRAX® Discovery integrates seamlessly with the industry leading SOFTRAX® solutions for enterprise revenue management and billing. SOFTRAX® solutions automate a broad set of critical financial processes including contract management, pricing, billing, revenue allocations and deferrals, expense accounting, and renewals.

About AFS Financial Solutions
AFS Financial Solutions Inc. is a leading provider of enterprise revenue management and billing solutions that fundamentally change the way companies manage, analyze, report and forecast their revenue. SOFTRAX® solutions automate the entire revenue cycle, from contract and order management, billing and contract renewals through revenue recognition, reporting, and forecasting. Hundreds of corporations benefit from using SOFTRAX® solutions to optimize their billing, maximize their revenue, reduce operating expenses, comply with revenue recognition regulations and Sarbanes-Oxley requirements, and gain unprecedented visibility into their business performance. AFS Financial Solutions Inc., headquartered in Canton, MA is a wholly-owned subsidiary of AFS Technologies Inc. More information can be found at www.afsfinancials.com, www.revenuerecognition.com and by calling 1.800.533.2312.

About AFS Technologies, Inc.
AFS Technologies Inc. is the leading provider of business enterprise and on-demand software solutions. The company serves over 1,200 customers across the Americas with a portfolio of solutions for the Food, Beverage and High Technology segments. AFS Food and Beverage solutions are designed to reduce costs, improve efficiency, increase sales and margins, streamline internal processes, and assist in regulatory compliance. All AFS solutions utilize service oriented architecture (SOA) built with Microsoft .NET framework technology. With a focus on modular design, the solutions allow customers in manufacturing, sales agencies, distribution, and complex software companies the flexibility to upgrade specific elements of the software without affecting the rest of the system. For additional information, please visit www.afsi.com or call 877.821.3007.