Harland Financial Solutions needed to replace the collection of accounting systems owned by their many subsidiaries with one, consistent system that could manage billing renewals and deferred revenue. They selected SOFTRAX to automate these complex accounting functions. The results have included significant productivity gains, easier audits and high levels of confidence in the numbers.
Harland Financial Solutions was created through the acquisition of a number of small to mid-sized technology companies serving various sectors in financial services markets. Each of the eight subsidiaries within this new division had developed their own systems and tools for managing the complex accounting requirements particular to software companies. Spreadsheets flourished to calculate and track information. Manual journal entries were the norm. Confidence in the accuracy of these processes and systems was low enough to cause checking and re-checking at every close.
The company considered a number of alternatives before making a choice. Their IS group conducted a search for comparable products, but found nothing as appropriate as SOFTRAX.
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