The real key to implementing a sophisticated billing solution is how tightly integrated it is with the current terms of your customer agreements. Contracts are the source for all the terms that govern how you bill your customers, track expenses and how you recognize the revenue you’ve earned.
SOFTRAX was specifically designed to seamlessly integrate robust billing functionality with in-depth information about contracts and related records. This ensures your billing activity is always synchronized with the latest changes and amendments to a contract’s key elements. SOFTRAX automatically generates billing schedules and manages transactions over the life of a customer relationship. SOFTRAX also handles miscellaneous charges and contract changes that occur during a billing cycle with ease, and creates associated matching expenses, such as royalties, commissions, and unit costs to these items.