Softrax

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Streamlining Financial Processes Across Multiple Acquisitions

Over the years this municipal solutions provider acquired ten companies and ten
different customer databases. As a result, accounting and finance processes became highly fragmented. Capturing 100% of their maintenance renewal and services revenue was nearly impossible. The company selected SOFTRAX to create an enterprise system to consolidate its account information and as a result, increased service realization and renewal rates dramatically.

This municipal solutions provider was in an enviable business position, with a
large recurring maintenance revenue stream and a record of consistent
profitability. However, after ten acquisitions, it had never established a common
account database.

The company had outgrown its existing systems and now required a solution that was optimized for their business.

“SOFTRAX has enabled much tighter financial controls across all of our operations and a more enlightened understanding of customer and line-of-business profitability.”
Controller

Download the full case study to better understand the challenges facing this company and how SOFTRAX helped provide solutions that brought efficiency and automation to their organization.

Read the Full Case Study

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ASC 606 Revenue Recognition Checklist

Do you know the five steps of ASC 606 and the impact of them on your revenue? The SOFTRAX ASC 606 Checklist can help.