Billing & Revenue Recognition
A state of the art revenue and billing system allows you to confidently and profitably bring innovative products and services to market. When companies offer new services, solutions, and purchasing options to their customers, they need the financial infrastructure to back it up. To be fully operational, today’s sophisticated business models typically require billing to be well integrated with customer management, contract information, and revenue recognition processes.
SOFTRAX integrates billing with all the information from your active customer contracts at the front end and revenue recognition accounting processes at the back end. In SOFTRAX, billing and revenue are separate, coordinated processes that can be controlled by independent business rules derived from your customer agreements. This provides enormous flexibility for how you package and sell your offerings. SOFTRAX even sends renewal quotes for customers to review well ahead of the actual invoice, to reduce billing inquiries and decrease days billing outstanding. As a result, SOFTRAX delivers efficiencies that other systems can’t provide. The impact is greater productivity, optimized revenue, and better customer service.
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Easily automate maintenance, milestone and recurring billing
Customize Billing to Your Customers’ Needs
Support Sophisticated Pricing Models
Powerful built in revenue recognition functionality