REVENUE MANAGEMENT SYSTEM
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.
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.
SOFTRAX Billing Manager allows you to automate all types of billing schedules, enabling the transition to recurring revenue models while still supporting legacy models. Billing Manager combines robust billing functionality with contract renewals management and order entry capabilities.
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 / IFRS 15.
Delivered as a multi-tenant cloud SaaS solution to provide customers with continuing seamless upgrades, easy scalability, and predictable costs.
Effectively deploys all types of billing, including one-time, milestone, consumption, subscription, and renewal models.
Configurable and integrates with most 3rd-party solutions (CRM, CPQ and PSA) and ERP/Accounting platforms.
Systematizes and enforces compliance of complex revenue recognition accounting guidance.
Quickly visualize your revenue data with a robust dashboard of reports.
Automatically calculate complex accounting, including allocations, scheduling recognition of revenue, carve-outs, triggers, and more.
“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.”
“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.”
“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.”
“SOFTRAX helped us capture an opportunity to operationalize the new revenue recognition guidance with automation that advanced our existing process.”
Do you know the five steps of ASC 606 and the impact of them on your revenue? The SOFTRAX ASC 606 Checklist can help.