Softrax Revenue Manager enables you to apply multiple criteria for revenue recognition on a line item basis. As a result, it can manage the most complex revenue transactions that occur in different types of businesses. It is very adept at managing high-volume transactions where revenue recognition treatments need to be automated, e.g.: the creation of revenue schedules based on templates, revenue allocation based on FMV or VSOE, and making proper revenue accounting and General Ledger entries as revenue recognition occurs.

It provides equally strong support for complicated, multi-element contracts that require

PROCESS OPTIMIZATION, ACCURACY AND CONSISTENCY Optimizing complicated revenue accounting processes Managing revenue recognition within the closing cycle Ensure consistent, accurate application of your revenue policy

appropriate approvals and careful interpretation of revenue recognition guidelines, such as: the AICPA’s Statements of Position SOP 97-2, SOP 98-9 and SOP 81-1; the FASB’s Emerging Issues Task Force recommendation EITF 00-21; and the SEC’s (Staff Accounting Bulletins) SAB 101 and SAB 104. With Softrax Revenue Manager, your financial infrastructure is robust and flexible enough to manage vastly different revenue recognition challenges in a single application.

Softrax Revenue Manager connects revenue data to your operational infrastructure. Time-consuming off-line processing is eliminated, providing for much faster (and more accurate) revenue analysis. As a result, the monthly close process can be completed with up-to-date revenue data within the normal timeframe.

Solution highlights

Revenue Scheduling Management of unlimited revenue schedules Flexible definition of revenue schedules Design templates for common revenue schedules Support for linear and non-linear schedule templates Customizable templates for revenue schedules Automated update of revenue schedules Revenue schedule merge Revenue schedule carve out Revenue schedule cancellation Revenue schedule freeze Automated revenue schedule recasting Mass update of revenue schedules

Revenue Allocation Support for Fair Market Value (FMV) and Vendor Specific Objective Evidence (VSOE) FMV/ VSOE repository Automated revenue redistribution based on FMV/ VSOE Automated revenue redistribution based on "residual method" Define and map bundles for allocation Customizable allocation processes Customizable allocation rules Automated and manual revaluation of multi-element arrangements

Revenue Recognition Date based revenue recognition Event based revenue recognition Quantity based revenue recognition Percent-complete based revenue recognition Automated revenue recognition based on business events Automated revenue recognition based on external and user defined conditions Flexible combination of multiple revenue recognition methods Automated processing of multiple recognition schedules

Revenue Accounting Automated journal entry creation Journal entry approval and review process Optional batch processing of approved journal entries Detailed journal entry audit Automated journal entry adjustments based on changes in revenue schedule Support for revenue schedule revaluation (i.e. FASB 52) Flexible Chart of Account structure Automatically update G/L with recognized revenue Detailed analysis of unbilled and billed G/L accounts