The rise of recurring and consumption billing, new regulations under ASC 606 and IFRS 15, and organic and inorganic growth are all pushing existing back-office systems to their limit. This has led to a step back in automation, with customizations, spreadsheets, and other workarounds proliferating through many organizations. This, in turn, has led, not only to inefficiency through lack of automation, but also real risk of missed revenue, audit comment letters, and even the need to restate revenue.
The SOFTRAX Billing Manager is a component of the SOFTRAX Revenue Management System (RMS). This system integrates order management, multi-form billing, contract renewal management, and powerful revenue recognition in a single, multi-tenant, cloud application designed to serve as a layer between CRM/CPQ and ERP systems. The SOFTRAX Billing Manager supports one-time, milestone, renewal, subscription, and consumption billing, ensuring you can bill against any of these models on a single invoice.
Download the Billing Manager data sheet to learn more about how SOFTRAX’s software can help you.