A Streamlined, Effective Solution for Recurring Revenue Business.
More companies than ever are embracing subscription revenue and cloud-based services in their business models. But recurring revenue has its own complexities, especially when it comes to supporting legacy customers and offerings.
SOFTRAX solutions cut through the complexity, making it easy to deploy subscription offerings without abandoning your existing products and services.
Get Automated While Staying Flexible.
Supports a wide range of revenue models -- ideal for companies with legacy business
Separate order/contract-to-cash and order/contract-to-revenue functions for multiple element arrangements (MEAs)
Establish conditional revenue schedules based on defined milestones
Handle unbilled money movements even without invoices
Get more control over revenue recognition in subscription and contract exceptions
Improve Compliance with Fully Auditable Data.
Support compliance with revenue recognition rules (SOP 97-2, 98-9, 81-1, VSOE, ASC 605-10-S99L (SAB 101 and 104), ASC 605-25 (EITF 08-1), and ASU 2014-09 / ASC 606 / IFRS 15
Provide a transactional audit trail for SOX 404 assertions
Create a foundation for robust internal controls over revenue processes
Manage Your Renewals.
Get full control of your customer relationships, including maintenance contracts
Apply customized renewal rules by date, product, location, customer
Automate pricing based on contractual terms, contract coverage dates
Automatically generate revenue schedules, renewal notices, and invoices