White Paper in association with IDC: The Impact of Compliance on Finance Operations

Customers order as many as 200 PCs at a time along with the company’s software, third-party applications, and peripherals. Every item must be ordered to specification, received into inventory, invoiced and set up on a maintenance renewal schedule before it is shipped to the customer. Almost all these functions were being performed manually on spreadsheets. Equipment was physically counted. Product information by customer was kept in filing cabinets. Manual journal entries and recurring entries were being done to spread deferred revenue over the appropriate period of time. The effort expended to track data was enormous as was the potential for errors. Now SOFTRAX automates the full customer lifecycle from order entry to billing, renewals, and revenue accounting.

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