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Why SOFTRAX Customers Manage Billions of Dollars with Our Billing and Revenue Solutions

For 15 years, customers have depended on SOFTRAX solutions to handle critical financial processes. The reason is simple: SOFTRAX streamlines business processes, increases efficiency, and delivers substantial hard dollar savings.

But don't just take our word for it. Here's what our clients had to say about the benefits of the SOFTRAX product family when we surveyed them:


Renewable and Recurring Revenue 

Renewable and recurring revenue streams are increasingly vital sources of company growth in many different industries - in fact, many SOFTRAX clients now get half or more of their total revenue from recurring sources. However, these business models create complex billing and revenue accounting issues that traditional systems struggle to accommodate, resulting in missed revenue.


Process Efficiency Ratings 

Customers reported that SOFTRAX substantially improved the efficiency of key financial processes, including:

    • Billing
    • Capturing Renewable Revenue
    • Deferred Revenue Accounting
    • Contract Management

Productivity Improved

Closing the books is a labor-intensive undertaking for many companies, especially if complex revenue models are involved. SOFTRAX speeds the process by automating complex revenue transactions and delivering detailed, actionable reports. 

 

Compliance Was Enhanced

The majority of financial restatements are caused by irregularities in revenue reporting, making revenue compliance critical for public and private companies alike. 

Complex accounting guidelines, combined with demanding Sarbanes-Oxley requirements and recent changes in FASB's revenue recognition guidance, have made revenue accuracy extremely urgent. SOFTRAX applies strict user access and transaction monitoring to ensure proper revenue accounting and to support key internal controls.

In particular, SOFTRAX clients reported that our solutions improved their company's ability to comply with:

    • Sarbanes-Oxley
    • SOP 97-2
    • SOP 98-9
    • SOP 81-1

Customers Relationships Improved

Financial transactions are a key part of any customer relationship. That's why SOFTRAX revenue management solutions offer advanced invoice generation and flexible bill presentation, allowing your customers to confidently process invoices and make payments.

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