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.
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.
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.
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.
Systematize compliance with proactive enforcement of complex revenue recognition accounting guidance.
Automatically calculate complex accounting, including allocation, scheduling recognition of revenue, carve-outs, triggers, and more.
Automatically enforce two or more revenue policies, including ASC-605, IAS-08, ASC-606/IFRS 15, non-GAAP, management, reporting, and what-if books.
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.
Granular settings to control who can view and edit transactional data and recognition policies at every level of the application.
Automate all aspects of ASC 606, including complex contract modifications and combinations, revaluation of variable consideration, materials rights, significant finance component, 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.”