Revenue Manager
Advanced Revenue Recognition In Compliance With ASC 606 / IFRS 15
Few companies are prepared for the sweeping changes brought on by the new ASC 606/IFRS 15 guidance. SOFTRAX Revenue Manager is a multi-tenant cloud solution that increases back-office automation to streamline every aspect of revenue recognition. Now you can efficiently and effectively manage complex regulations and gain unprecedented visibility to business performance.
The Benefits of the Right Revenue Recognition Solution
Extend Capabilities Without Spreadsheets
Focus on Strategy, Not Tactics
No Rip & Replace
Robust Automation
Extend Capabilities Without Spreadsheets
SOFTRAX Revenue Manager is an automated, cloud-based solution that eliminates spreadsheets and workarounds, reduces human errors, and increases the agility of your back office.
Focus on Strategy, Not Tactics
SOFTRAX Revenue Manager automates your most complex revenue management processes so your finance team can focus their skills on strategic analytical tasks confident that day-to-day tactical functions are being executed efciently, accurately, and compliantly.
No Rip & Replace
Robust Automation
SOFTRAX Revenue Manager introduces enterprise-level automated functionality to streamline the revenue recognition process, automate the complex requirements of ASC 606, and advance your path toward continuous accounting.
SOFTRAX Revenue Manager is a cloud-based SaaS solution that can be deployed as part of the SOFTRAX Revenue Management System or as a stand-alone revenue recognition subledger.
The Right Solution for Evolving Revenue Recognition
ACHIEVE COMPLIANCE
Systematize compliance with proactive enforcement of complex revenue recognition accounting guidance.
FACTOR THE ACCOUNTING
Automatically calculate complex accounting, including allocation, scheduling recognition of revenue, carve-outs, triggers, and more.
MULTIPLE POLICY SUPPORT
Automatically enforce two or more revenue policies, including ASC-605, IAS-08, ASC-606/IFRS 15, non-GAAP, management, reporting, and what-if books.
INTEGRATION WITH YOUR ERP
Seamlessly integrate with over 200 ERP and financial systems to provide a complete revenue management solution that addresses all aspects of revenue in one place.
STRONG SECURITY AND CONTROLS
Granular settings to control who can view and edit transactional data and recognition policies at every level of the application.
ENSURE COMPLIANCE
Automate all aspects of ASC 606, including complex contract modifications and combinations, revaluation of variable consideration, materials rights, significant finance component, 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.”