The real key to implementing a sophisticated billing solution is
how tightly integrated it is with the current terms of your customer
agreements. Contracts
are the source for all the terms that govern how you bill your customers,
track expenses and how you recognize the revenue you’ve earned.
Softrax was specifically designed to seamlessly integrate robust
billing functionality with in-depth information about contracts and
related records. This ensures your billing activity is always synchronized
with the latest changes and amendments to a contract’s key elements.
Softrax automatically generates billing schedules and manages transactions
over the life of a customer relationship. Softrax also handles miscellaneous
charges and contract changes that occur during a billing cycle with
ease, and creates associated matching expenses, such as royalties,
commissions, and unit costs to these items.
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Powerful and flexible functionality gives you total control over subscription, transaction and usage billing models
- Consolidate multiple charges into a single bill
- Manage simple and complex billing schedules
- Multiple, customizable formats for bill presentation
- Automatically split bills across multiple bill-to addresses
- Distribute charges across multiple services
- Control discount activity on individual services
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Manage Royalties, Commissions, and other additional expenses
- Create expenses based on percentages, fixed amounts, and unit rates
- Define the period over which an expense should be calculated
- Setup multiple expenses for each charge
- Automatically assign expenses to vendors, sales people, and products
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Customize Billing to Your Customers’ Needs
- Easily manage prepayments:
- Ensure proper application of a prepayment against a contract
- Link prepayments to any associated services on the contract
- Create revenue schedules for prepayment
- Review, credit, and cancel prepayments
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Revenue Accounting
and Revenue Management
- Independently manage billing and revenue schedules
- Fully control revenue and expense general ledger account distribution at the time of contract creation
- Track unbilled and invoiced revenue and receivables activity
- Account for complex adjustments
- Automate journal entries for every billing and service activation event
- Simplify compliance
with complex accounting standards
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Sophisticated Pricing Models
- Easy rate table creation and ongoing modification
- Support for tiered volume discounts
- Easily implement variable pricing bands over the life of a contract
- Visibility into how time-dependent pricing affects future account profitability
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CUSTOMER PERSPECTIVE
"Softrax is saving our department one and a half weeks a month, which means we can focus on analysis rather than accounting.”
Annette Kovamees
Senior Accounting Manager
Taxware
+
more
LIVE EXECUTIVE WEBCAST
Live on August 26th: Linkage of Contracts: U.S. GAAP versus IFRS
+ register
ATTEND AN ONLINE DEMO
 Learn
more about Softrax' billing and revenue solutions by attending an
online demo.
+ register
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