Case Study

LogicVision: Replacing Monolithic Financials System to Improve Flexibility and Control

Replacing an enterprise financials system with SOFTRAX provided LogicVision with immediate cost savings and rapid return on investment. In addition, key financial data flows were streamlined, resulting in increased productivity, more accurate and timely billing, improved compliance controls, and greater reporting and forecasting capabilities.

LogicVision’s revenue stream is characterized by low-volume, high-dollar transactions, which can be as large as $10 million over a three to four year period. Products are typically licensed on a one-year subscription basis, so renewal and pricing terms must be carefully tracked, but there are also some perpetual/term licenses in the installed base.

In addition to the business issues, there were infrastructure issues that were limiting the company’s revenue management capabilities. 

“The cost to buy SOFTRAX with a year of support was less than the one-year cost of supporting our enterprise financials system. So, the additional SOFTRAX capabilities for deferred revenue, maintenance renewals, reporting, and forecasting, were essentially free."
Jeff Chalmers
Corporate Controller

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