Enhance Your Existing Financial Infrastructure

With Softrax, your existing financial infrastructure becomes far more powerful and responsive to the demands of your business. Key processes such as billing and revenue recognition can be automated in a separate yet coordinated way, which enables you to support a tremendous variety of business models.

Most customers integrate Softrax with their customer relationship management (CRM), enterprise resource planning (ERP), or general ledger packages, in some cases multiples of each. They do so because despite the investment in other enterprise systems, they still find it difficult to reconcile revenue transactions between front office and back office systems. The problem becomes acute when they begin using more sophisticated business models or transaction volumes rise to the point that breaks spreadsheets and exhausts efforts to customize other systems.

Softrax establishes a seamless transaction flow from the moment a contract is signed to invoicing, revenue recognition, support, renewals, reporting and analysis. All revenue data is aggregated and reconciled, so your audit trail is intact, and your reporting and forecasting is based on high integrity data. In addition, you will reduce your total cost of ownership by freeing internal resources from supporting ever more complex custom code, and retaining the maintenance and upgrade support of your core systems vendors.

Business Benefits

• Manage complex revenue streams
• Eliminate manual processes for critical revenue data
• Enhance the speed and granularity of revenue reports
• Control key financial processes throughout the enterprise
• Produce more accurate and timely invoices
• Prevent revenue leaks in the maintenance renewals process
• Establish a robust and flexible financial IT infrastructure
• Retain support contracts from mission critical systems vendors
• Lower cost of customization and maintenance