REVENUE MANAGEMENT SYSTEM

A Single System to Manage
All Forms of Billing, Contract & Subscription Renewal, and Revenue Recognition

The SOFTRAX Revenue Management System is a powerful approach to revenue management. It is the world’s only system that combines best-in-class automation for one-time, milestone, subscription, consumption, and renewal billing and complex revenue recognition in a single solution to streamline the revenue management process.

This revolutionary platform is the next step in a 20+ year legacy of providing the most comprehensive billing and revenue recognition solutions. With SOFTRAX RMS, you are now free to focus on strategic analytical tasks while the day-to-day tactical functions and compliance with standards such as ASC 606 / IFRS 15 are executed efficiently and accurately.

Streamlined Revenue Management

  • Flexible Implementation

  • Unrivaled Automation of Complex Billing

  • Revenue Recognition Made Simple

Download the PDF now to learn more

A Single Revenue Management System with Powerful Functionality

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The SOFTRAX Revenue Management System can be deployed as a single application, or alternatively, the Revenue Manager portion can be licensed in isolation as an independent application for revenue recognition.

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SOFTRAX Billing Manager allows you to automate all types of billing schedules, enabling the transition to recurring revenue models while still supporting legacy models. Billing Manager combines robust billing functionality with contract renewals management and order entry capabilities.

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SOFTRAX Revenue Manager introduces enterprise-level automated functionality to streamline every aspect of revenue recognition without spreadsheets and workarounds. This system automates compliance with even the most complex requirements of ASC 606 / IFRS 15.

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The SOFTRAX Revenue Management System can be deployed as a single application, or alternatively, the Revenue Manager portion can be licensed in isolation as an independent application for revenue recognition.

SOFTRAX Billing Manager allows you to automate all types of billing schedules, enabling the transition to recurring revenue models while still supporting legacy models. Billing Manager combines robust billing functionality with contract renewals management and order entry capabilities.

SOFTRAX Revenue Manager introduces enterprise-level automated functionality to streamline every aspect of revenue recognition without spreadsheets and workarounds. This system automates compliance with even the most complex requirements of ASC 606 / IFRS 15.

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SOFTRAX Revenue Management System gives you a specific revenue management layer between CRM/CPQ and ERP. It is the only single solution for multi-form billing, contract renewal management, and revenue recognition.

The Right Solution for Evolving Revenue Management

CLOUD-BASED SAAS SOLUTION

Delivered as a multi-tenant cloud SaaS solution to provide customers with continuing seamless upgrades, easy scalability, and predictable costs.

MULTIPLE WAYS TO BILL

Effectively deploys all types of billing, including one-time, milestone, consumption, subscription, and renewal models.

UTILIZE YOUR CORE SYSTEMS

Configurable and integrates with most 3rd-party solutions (CRM, CPQ and PSA) and ERP/Accounting platforms.

ENSURE COMPLIANCE

Systematizes and enforces compliance of complex revenue recognition accounting guidance.

UNMATCHED VISIBILITY

Quickly visualize your revenue data with a robust dashboard of reports.

AUTOMIZED ACCOUNTING

Automatically calculate complex accounting, including allocations, scheduling recognition of revenue, carve-outs, triggers, and more.

What Clients Say About Our Revenue Management System 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.