Softrax

SOFTRAX SOLUTIONS


BILLING AND REVENUE MANAGEMENT


REVENUE RECOGNITION
FOR ERP


Revenue Reporting and Forecasting

Gain Unprecedented End-to-End Visibility into Revenue Processes

About Softrax Corporation

Unprecedented End-To-End Visibility into Revenue Processes
With Softrax Revenue Manager you can view the entire revenue process as a whole–from contract/order all the way to the final revenue reporting. Detailed analysis can be conducted on multiple levels, such as business unit, product line, market segment, contract type, account, and more. All data is presented according to the appropriate revenue recognition treatments of your revenue policy.

Revenue Recognition Forecasting and Decision Support

STRATEGIC PLANNING, FORECASTING AND DECISION SUPPORT

  • True visibility with real time, compliant revenue recognition analysis and forecasting
  • Decision support for revenue recognition benchmarks and best practices
  • Early warning to identify critical events that can disrupt the revenue forecast

Softrax Revenue Manager gives you the power of intelligent revenue performance analysis for future periods based on your revenue recognition policies. It enables rapid and accurate revenue forecasting–including: deferred revenue, unbilled revenue backlog, and revenue analysis of the sales pipeline–which will help you better understand and optimize revenue performance.

You can see how all business, both ongoing and proposed, can impact future revenue growth, giving you the ability to understand how critical decisions about customer contracts, discounts, pricing, bundling, or product introductions will affect future reported revenue. You can also identify and monitor expected recognition of revenue that may be at risk because of other related actions and events.

Solution highlights

  • Comprehensive revenue recognition compliant reporting and analysis of revenue history
  • Detailed analysis of revenue recognition life-cycle
  • Detailed revenue recognition analysis for audit
  • Revenue recognition compliant revenue analytics by business metrics such as business unit, territory, product group
  • Revenue recognition compliant revenue forecasting including deferred revenue by period and pipeline forecasting
  • Ability to track revenue prior to invoicing
Increase Revenue, Decrease Costs, Compliance
LEARN MORE ABOUT SOFTRAX SOLUTIONS
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CUSTOMER PERSPECTIVE

"We spent less than we had budgeted for the implementation, and the ROI was less than a year."

Jeff Chalmers
Corporate Controller
LogicVision

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WHITE PAPER

Best Practices in Revenue Reporting

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