With the SOFTRAX Billing Manager, the components of milestone billing — scheduling, inputs, and budgets — are seamlessly deployed and managed to keep you on schedule. When combined with the SOFTRAX Revenue Manager, Billing Manager lets you comply with regulations and recognize revenue from the milestone billing data.
Automate Billing, Including Returns
Increase Accounting Efficiency
Remain on Schedule and Budget
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SOFTRAX milestone billing software automates the critical parts of milestone billing, allowing companies to easily create tailor-made billing and payment schedules for even the most complex scenarios.
Full Look at Schedules, Deliverables, and Billing
The SOFTRAX Billing Manager allows you to schedule, generate, and deliver invoices based on dates or deliverables, offering a detailed look at your contract.
Automated Milestone Billing Software
With SOFTRAX, you can automate key aspects of milestone billing, such as handling full and partial backorders and customer holds.
Support For Complex Schedules
The SOFTRAX Billing Manager lets you leverage milestone widgets to manage even the most complex milestone schedules seamlessly.
The SOFTRAX Revenue Management System is a cloud-based SaaS solution that enables the best of milestone billing software. The capabilities of our comprehensive milestone billing software, provide:
Allow revenue allocation and compliance that goes beyond simple scheduling.
Schedule, generate, and deliver invoices based on dates, contractual commitments, or business requirements.
Handle reporting and revenue recognition requirements for ASC 606 / IFRS 15.
Stay on budget for even the most complex project.
Make frequent tasks, such as renewals, easily processed and handled.
Use the analytics capabilities to get a true look at business data.
“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.