Few companies are prepared for the sweeping changes brought on by the new ASC 606 / IFRS 15 guidance. SOFTRAX Revenue Manager is a multi-tenant cloud solution that increases back-office automation to streamline every aspect of revenue recognition. Now you can efficiently and effectively manage complex regulations and gain unprecedented visibility to business performance.
Automate, Comply, and Simplify ASC 606 / IFRS 15
Increase Back-Office Automation to Streamline Revenue Recognition
Eliminate Spreadsheets and Workarounds
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SOFTRAX Revenue Manager is an automated, cloud-based solution that eliminates spreadsheets and workarounds, reduces human errors, and increases the agility of your back office.
SOFTRAX Revenue Manager automates your most complex revenue management processes so your finance team can focus their skills on strategic analytical tasks conﬁdent that day-to-day tactical functions are being executed efficiently, accurately, and compliantly.
SOFTRAX Revenue Manager easily integrates with your existing ERP, CRM, and CPQ systems so you can implement the most robust management platform without the need for large platform customizations or replacement.
SOFTRAX Revenue Manager introduces enterprise-level automated functionality to streamline the revenue recognition process, automate the complex requirements of ASC 606, and advance your path toward continuous accounting.
SOFTRAX Revenue Manager is a cloud-based SaaS solution that can be deployed as part of the SOFTRAX Revenue Management System or as a stand-alone revenue recognition subledger.
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.
Systematize compliance with proactive enforcement of complex revenue recognition accounting guidance.
Automatically calculate complex accounting, including allocation, scheduling recognition of revenue, carve-outs, triggers, and more.
Automatically enforce two or more revenue policies, including ASC-605, IAS-08, ASC-606/IFRS 15, non-GAAP, management, reporting, and what-if books.
Seamlessly integrate with over 200 ERP and financial systems to provide a complete revenue management solution that addresses all aspects of revenue in one place.
Granular settings to control who can view and edit transactional data and recognition policies at every level of the application.
Automate all aspects of ASC 606, including complex contract modifications and combinations, revaluation of variable consideration, materials rights, significant finance component, and more.
“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.