Automate Your Maintenance Renewal Process and Optimize Customer Revenue.

Contract renewals are a critical revenue source for many businesses. Yet many companies still rely on desktop tools and custom systems to manage their renewals, greatly increasing the risk of missed revenue.

SOFTRAX offers a fully integrated and automated solution, eliminating inefficiency, confusion, and risk while bringing renewals directly into your finance operations.

Optimize Renewals Throughout the Revenue Cycle.

Customize renewal rules using a broad range of criteria — date, product, location, customer, and more
Automate pricing based on contract terms and coverage dates
Capture all maintenance information at order entry — no downstream reentry needed
Automatically create revenue schedules, renewal notices, invoices
Deferred revenue automatically posts to the general ledger each month

Identify Upsell and Renewal Opportunities.

See when a contract is up for renewal — and what was previously negotiated around that contract
Create renewals using detailed account information, including multiple bill-to addresses and company hierarchy
Automatically incorporate changes to the invoice into all appropriate general ledger accounts

Streamline Renewals for Customers.

Easily send pro-forma invoices — early negotiations mean effective upselling
Renewals always include current contract terms, including pre-negotiated changes in pricing and discounting
Consolidate multiple renewal notices and simplify renewals with automated co-termination
Maintain global maintenance contracts for multinational companies with international business units

Integrate Contract Data With Your Accounting Processes.

Simplify administration and accounting for multi-element contracts
Facilitate complex billing
Support compliance with Sarbanes-Oxley, SEC and FASB guidelines

Put an End to Revenue Leaks With Better Visibility.

Quickly get data needed for timely renewals and maximize your uptick potential
Instantly access detailed historical and future views of deferred and recognized revenue streams
Improved insight into renewal revenue: follow new dollars added, churn, and total renewal base
Track the status of each renewal as it moves through the process

Sales: 972-715-4028 Support: 972-715-4040 | Revenue Recognition News

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Solutions

Automate Your Maintenance Renewal Process and Optimize Customer Revenue.

Optimize Renewals Throughout the Revenue Cycle.

Identify Upsell and Renewal Opportunities.

Streamline Renewals for Customers.

Integrate Contract Data With Your Accounting Processes.

Put an End to Revenue Leaks With Better Visibility.

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