Enterprise Revenue Management Solutions
Spending too much time managing revenue and not enough on strategic ways to increase it?
We can fix that.
SOFTRAX is introducing a powerful new system to perform order management, billing, contract management, and revenue recognition. This single solution gives you the freedom to focus on more profitable analytical tasks while day-to-day functions are automatically handled efficiently and accurately.
SOFTRAX delivers the only comprehensive solution that supports all forms of complex billing and revenue recognition in accordance with the new ASC 606/IFRS 15 standards. This unique system drives a high level of automation to advance your back-office functionality toward continuous accounting.
A Perfect Fit for Revenue Management
The SOFTRAX Revenue Management System delivers the industry’s highest level of system-wide automation. This single solution seamlessly integrates with existing CRM, CPQ, or home-grown systems automating the flow of order and fulfillment data to trigger billing and revenue recognition. The system simultaneously accounts for exchange rate, tax, and payment data to ensure accurate and timely processing.
Problems We Solve:
Subscription Billing
Most companies moving to a subscription or consumption billing model anticipate increased billing complexity. But many have not planned for the associated revenue recognition challenges.
SOFTRAX is the industry’s only solutions provider with the breadth of expertise and functionality to handle subscription, consumption, milestone, and renewal billing as well as advanced revenue recognition.
Operationalizing ASC606
Now that most organizations are confident in their ASC 606 compliance, they face the “day-two” challenge of operationalizing this massive accounting shift.
SOFTRAX solutions are designed to seamlessly evolve with the changing financial requirements that come with business operational adjustments or compliance modifications.
Reinvegorating Aging ERP Setups
With the growth of cloud computing, many companies are faced with the need to modernize existing enterprise systems.
SOFTRAX solutions feature seamless integration with all major ERP, CRM, and CPQ systems with zero customizations or spreadsheets.
Pushing Toward Continuous Accounting
While total back-office automation may seem out of reach, the path toward continuous accounting is something most companies should prioritize if they want to thrive in the future.
SOFTRAX provides the only solution that combines complex billing and revenue recognition capabilities to streamline revenue management and advance an organization’s path toward continuous accounting.
Migration Away from Customizations & Spreadsheets
Most legacy core business systems can’t keep pace with the increasing complexity of revenue management forcing many organizations to rely on manual or custom processes that are inefficient and short-term fixes.
SOFTRAX is the only solution that provides seamless integration with all major ERP, CRM, and CPQ systems with zero customization and zero spreadsheets.
What Customers Are Saying About Softrax
Through an outstanding collaborative effort with the Softrax team, we improved Softrax features and functionality that will help Epicor grow and scale its install base and recurring billing.” Epicor
We began to see significant efficiency improvements within two weeks of go-live. We are a growing business. Softrax is a Win-Win for us.” Park Place Technologies
The SOFTRAX suite of products is uniquely positioned to offer the flexibility to handle the various forms of complex billing and revenue recognition we require.” 3M | Health Information Services
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Learn How to Transform Your Revenue Management through Automation
SOFTRAX is the industry’s only solution that pairs complex subscription and milestone billing with enterprise-level revenue recognition capabilities in a single multi-tenant cloud system. To understand more download our Solution Overview sheet.
Revenue Management Solutions to Remain Compliant with the SEC