The task of managing revenue is fundamental to the successful operation of any company. However, recent events have shaken the back -office infrastructure supporting these processes. Companies are leveraging new consumption and recurring billing models to optimally monetize relationships with their clients. Many have requirements to properly manage the renewal of contracts with existing customers. Simultaneously, companies grapple with new revenue recognition complexity under ASC 606 and IFRS 15 guidance.
The SOFTRAX Revenue Management System is the world’s most sophisticated support for milestone and subscription billing, contract renewal management, and revenue recognition, all in a single multi-tenant cloud application.
Download our data sheet to learn how the SOFTRAX Revenue Management System can be a valuable asset for your company.