Strategic acquisitions and global operations at Vastera demand that financial processes be highly efficient and easily transferred to new entities. SOFTRAX provides a standard financial platform that manages all critical financial transactions and provides the underlying processes for Sarbanes-Oxley compliance. Additionally, when Vastera introduced subscription-based pricing, SOFTRAX enabled the finance department to easily support the transition.
Vastera provides global trade oriented business process consulting and business process outsourcing services. Vastera’s GTM solutions may include both products and services, depending on the specific needs of each customer. These solutions require a sophisticated billing and revenue management infrastructure to coordinate customer contract information and financial activity across sales, customer service, and accounting.
Vastera uses SOFTRAX to track customers, products and contracts. Members of different departments can monitor the delivery of products and services to new clients, track the contract-renewal process, and manage deferred revenue throughout a contract’s lifecycle.
Download the full Vastera Case Study to better understand the challenges they faced and how SOFTRAX helped provide solutions that brought efficiency and automation to their organization.