SOFTRAX Subscription Billing Software deploys easily for simple and complex subscription models, captures all stages of revenue, and eases reporting for ASC 606 / IFRS 15. Discover how SOFTRAX can add agility and help you grow revenue through Subscription and Recurring Billing.
Operate On Demand Or On A Recurring Schedule
Manage All Contractual Details Relevant For Billing And Accounting
Maintain a Detailed Audit Of All Contract Changes
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Subscription Billing Software works best when it can scale, handle revenue recognition requirements, and manage different types of contracts. SOFTRAX Subscription Billing Software supports all recurring billing functions in a single, multi-tenant, cloud application, making it the Platform that can drive growth. SOFTRAX Subscription Billing Software is a component of the SOFTRAX Revenue Management System, providing a single, multi-tenant, cloud application for complex billing, contract renewal management, and revenue recognition under ASC 606 & IFRS 15.
Scalable Subscription Billing Automation
The SOFTRAX Billing Manager component of the SOFTRAX Revenue Management System can scale to meet all phases of your subscription billing journey, supporting all models, including fee-based and consumption. No matter how complicated the recurring payments become, SOFTRAX manages all aspects.
Revenue Recognition Ability
Revenue recognition is where many companies get bogged down because revenue must be recorded with the contract and standards, such as ASC 606 and IFRS 15, in mind. In combining support for complex billing and revenue recognition in a single platform, SOFTRAX draws on 20+ years of revenue recognition expertise to simplify revenue recognition for subscription billing.
Contract Renewal Capability
Keeping track of contracts is a key element of subscription billing, and one that extends to customer satisfaction. The SOFTRAX Billing Manager can handle all levels of complexities.
Easily deploy simple and complex subscription-billing models.
Capture changes throughout the contract lifecycle.
Experience easy reporting for ASC 606 / IFRS 15 compliance.
Enjoy revenue recognition capabilities from your subscription-billing data -- all in one platform.
Have support for multiple types of contracts, including perpetual, renewal, and one-time.
Get insights from cross-system 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.