SOFTRAX usage and consumption billing software extends the features of SOFTRAX Subscription Billing to provide support for even the most complex consumption and usage billing models.
Deploy Usage and Consumption Billing
Seamless Billing and Revenue Recognition
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The SOFTRAX Billing Manager allows companies to make the most of consumption and usage-based billing, keeping customers engaged. When combined with the SOFTRAX Revenue Manager, Billing Manager can handle the most complex revenue recognition with consumption billing.
Support for complex billing
The SOFTRAX Billing Manager can easily monitor usage levels, including minimums, overages, and tiers.
Easy contract management
Contract details are the key to successful consumption and usage-based billing, and the SOFTRAX Billing Manager organizes those details, so you remain on schedule.
A variety of pricing models
The SOFTRAX Billing Manager allows you to easily deploy cumulative and band-tiered pricing
The SOFTRAX Revenue Management System is a cloud-based SaaS solution that enables the best in usage and consumption based billing software.
This robust solution is built to handle the unique operations of metered billing, resulting in a seamless process for billing and revenue recognition.
Built for both simple and complex consumption-billing scenarios.
Gives you the ability to recognize revenue in the same system that is processing consumption billing.
Allows easy data capture and presentation for ASC 606 / IFRS 15 regulation compliance.
Provides support for aggregate, cumulative, and band-tired pricing.
Has the flexibility for contract-to-date, current-to-date, and transaction accumulation.
Extends automated updates of data-driven pricing across the system.
“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.”
“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.”
“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.”
“SOFTRAX helped us capture an opportunity to operationalize the new revenue recognition guidance with automation that advanced our existing process.”
Do you know the five steps of ASC 606 and the impact of them on your revenue? The SOFTRAX ASC 606 Checklist can help.