REVENUE MANAGEMENT SYSTEM
A Single System to Manage
The SOFTRAX Revenue Management System is a powerful approach to revenue management. It is the world’s only system that combines best-in-class automation for one-time, milestone, subscription, consumption, and renewal billing and complex revenue recognition in a single solution to streamline the revenue management process.
With this revolutionary platform, you are now free to focus on strategic analytical tasks while the day-to-day tactical functions and compliance with standards such as ASC 606 / IFRS 15 are executed efficiently and accurately.
A Single Revenue Management System with Powerful Functionality
Flexible Implementation
Unrivaled Automation of Complex Billing
Revenue Recognition Made Simple
Flexible Implementation
The SOFTRAX Revenue Management System can be deployed as a single application, or alternatively, the Revenue Manager portion can be licensed in isolation as an independent application for revenue recognition.
Unrivaled Automation of Complex Billing
Revenue Recognition Made Simple
SOFTRAX Revenue Manager introduces enterprise-level automated functionality to streamline every aspect of revenue recognition without spreadsheets and workarounds. This system automates compliance with even the most complex requirements of ASC 606 and IFRS 15.
SOFTRAX Revenue Management System gives you a specific revenue management layer between CRM/CPQ and ERP. It is the only single solution for multi-form billing, contract renewal management, and revenue recognition.
The Right Solution for Evolving Revenue Management
CLOUD-BASED SAAS SOLUTION
Delivered as a multi-tenant cloud SaaS solution to provide customers with continuing seamless upgrades, easy scalability, and predictable costs.
MULTIPLE WAYS TO BILL
Effectively deploys all types of billing, including one-time, milestone, consumption, subscription, and renewal models.
UTILIZE YOUR CORE SYSTEMS
Configurable and integrates with most 3rd-party solutions (CRM, CPQ and PSA) and ERP/Accounting platforms.
ENSURE COMPLIANCE
Systematizes and enforces compliance of complex revenue recognition accounting guidance.
UNMATCHED VISIBILITY
Quickly visualize your revenue data with a robust dashboard of reports.
AUTOMIZED ACCOUNTING
Automatically calculate complex accounting, including allocations, scheduling recognition of revenue, carve-outs, triggers, and more.
Our Clients Have Spoken
Epicor
Partnering with Softrax Since 2012
“Through an outstanding collaborative effort with the Softrax team, we improved our use of the SOFTRAX features and functionality that will help Epicor grow and scale its install base and recurring billing.”
FABIAN DOHMES – VP, FINANCE OPERATIONS
Park Place Technologies
Partnering with Softrax Since 2012
“SOFTRAX is a win-win for us. We saw significant efficiency improvements within two weeks of go-live. We have dramatically increased our transaction volume through organic and M&A related growth without a need for increased headcount.”
COREY TURNER, REVENUE MANAGER, PARK PLACE TECHNOLOGIES
3M Health Information System
Partnering with Softrax Since 2012
“SOFTRAX offers the flexibility to handle the various forms of complex billing and revenue recognition we require. SOFTRAX helps us maintain our controls at a system level, keep close times short, and avoid a need to scale human resources as our business has grown.”
JOHN MATHISON, VP OF OPERATIONS, 3M HEALTH INFORMATION SYSTEMS
Anschutz Entertainment Group (AEG)
Partnering with Softrax Since 2017
“SOFTRAX helped us capture an opportunity to operationalize the new revenue recognition guidance with automation that advanced our existing process.”