Billing Manager

Highest Level of Automation for Subscription And Milestone Billing

The key to avoiding a migration back to spreadsheets or customizations is to deploy the most sophisticated billing solution available. SOFTRAX Billing Manager is the only complex billing management solution that offers enterprise level billing functionality to handle one-time, milestone, consumption, subscription, and renewal billing.

Total Control Over All Billing Structures in One Application

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SOFTRAX milestone billing software simplifies your milestone billing challenges. Now it is easy to construct complex milestone schedules, stay informed of pending milestone invoices,  and perform ongoing contract modifications. SOFTRAX milestone billing software makes milestone billing manageable.

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SOFTRAX subscription billing software is the perfect solution for managing simple and complex billing schedules.

It deploys easily for simple and complex subscription models, captures all stages of revenue, and eases reporting for ASC 606 / IFRS 15.

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SOFTRAX consumption and usage based billing software lets you effectively manage the complexity of usage based billing. Now you can easily monitor and factor the amount of consumption occurring in each month, including minimums, overages, and tiers.

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With SOFTRAX contract renewal management software, renewals happen in a timely manner and for the appropriate revenue amount, including any agreed-upon uptick in the renewal rate.

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SOFTRAX milestone billing software simplifies your milestone billing challenges. Now it is easy to construct complex milestone schedules, stay informed of pending milestone invoices,  and perform ongoing contract modifications. SOFTRAX milestone billing software makes milestone billing manageable.

SOFTRAX subscription billing software is the perfect solution for managing simple and complex billing schedules. It deploys easily for simple and complex subscription models, captures all stages of revenue, and eases reporting for ASC 606 / IFRS 15.

SOFTRAX consumption and usage based billing software lets you effectively manage the complexity of usage based billing. Now you can easily monitor and factor the amount of consumption occurring in each month, including minimums, overages, and tiers.

With SOFTRAX contract renewal management software, renewals happen in a timely manner and for the appropriate revenue amount, including any agreed-upon uptick in the renewal rate.

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SOFTRAX Billing Manager is a cloud-based SaaS solution that can be deployed independently or as part of the SOFTRAX Revenue Management System. This robust solution is designed to easily integrate into existing systems to solve challenges specific to billing and contract renewal management.

SOFTRAX has more than 20 years of experience in providing billing and revenue recognition solutions enabling us to offer the industry’s most comprehensive features. Our legacy gives us an in-depth understanding of customer needs, pain points, and areas of growth across a number of industries. The SOFTRAX RMS is the only multi-tenant cloud platform supporting sophisticated billing and revenue recognition in a single application.

The Right Software for Complex Billing Management

COORDINATE BILLING WITH CONTRACTS

Ensures your billing activity is always synchronized with the latest changes and amendments to a contract’s key elements.

MANAGE CUSTOMERS

Automatically generates billing schedules and manages transactions over the life of a customer relationship.

MANAGE EXPENSES

Manages royalties, commissions, and other expenses based on percentages, fixed amounts and unit rates while automatically assigning expenses to vendors, salespeople, and products.

AUTOMATICALLY APPLY RULES

Automatically processes billing schedules by policy, removing human interaction on a transaction-by-transaction basis to increase efficiencies and decrease risk.

CUSTOMER-FIRST BILLING

Makes it easy to customize billing according to your customer’s needs allowing you to take a customer-first approach to billing management.

ROBUST REPORTING

Extensive reports and data give accountants, auditors, and executives unparalleled visibility into past, current and future business performance.

What Clients Say About Our Billing Manager Software Solution

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Epicor

Partnering with Softrax Since 2012
Epicor

Through an outstanding collaborative effort with the Softrax team, we improved our use of the SOFTRAX features and functionality that will help Epicor grow and scale its install base and recurring billing.

FABIAN DOHMES – VP, FINANCE OPERATIONS
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Park Place Technologies
Partnering with Softrax Since 2012
Park Place Technologies

SOFTRAX is a win-win for us. We saw significant efficiency improvements within two weeks of go-live. We have dramatically increased our transaction volume through organic and M&A related growth without a need for increased headcount.

COREY TURNER, REVENUE MANAGER, PARK PLACE TECHNOLOGIES
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3M Health Information System
Partnering with Softrax Since 2012
3M

SOFTRAX offers the flexibility to handle the various forms of complex billing and revenue recognition we require. SOFTRAX helps us maintain our controls at a system level, keep close times short, and avoid a need to scale human resources as our business has grown.

JOHN MATHISON, VP OF OPERATIONS, 3M HEALTH INFORMATION SYSTEMS
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Anschutz Entertainment Group (AEG)
Partnering with Softrax Since 2017
AEG

SOFTRAX helped us capture an opportunity to operationalize the new revenue recognition guidance with automation that advanced our existing process.

SUE CHAPLIN HERB, SVP OF FINANCE AND FINANCIAL REPORTING

NEW GUIDE AVAILABLE

ASC 606 Revenue Recognition Checklist

Do you know the five steps of ASC 606 and the impact of them on your revenue? The SOFTRAX ASC 606 Checklist can help.