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.
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