Sales and marketing

SOFTRAX Revenue Management System for Sales and Marketing Channels

Sales and Marketing

Drive Sales, Engage the Customer, Realize Revenue

The subscription business model not only revitalized revenue streams, but also brought the marketing suite into areas traditionally run by the CFO. Subscription billing connects back-office functions to the customer like never before, and sales and marketing executives need confidence in the billing system to ensure they are optimally monetizing their relationship with their clients.

How SOFTRAX RMS Works for Sales and Marketing

The SOFTRAX Revenue Management System (RMS) provides a high level of automation to support all types of price models, all with keeping in compliance with ASC 606 revenue recognition.

Automation by Policy

Automation by Policy differentiates SOFTRAX RMS so that billing processes run as needed, regardless of the complexity.

Subscription and Consumption Billing

SOFTRAX RMS manages Subscription and Consumption Billing and provides an easy way to launch and maintain MRR and ARR to capture all revenue.

Milestone Billing

Milestone Billing relies on data and payment terms from the contract in creating the scheduled billing activities needed. SOFTRAX RMS allows these to be seamlessly deployed and managed to keep you on schedule.

Contract Renewal Management

Contract Renewal Management is key to keeping revenue flowing, especially in turbulent economic times. Taking a leading approach to contract renewals reduces the likelihood of revenue loss and leakage and allows you an easy means for ASC 606 compliance. SOFTRAX RMS has you covered in every phase of contract renewal management.

Simple Solution for Complex Price Models

SOFTRAX RMS accommodates different price models, including subscription, consumption, and milestone, helping with the consolidation of charges within a billing cycle. SOFTRAX RMS allows flexible configuration and variety to assist sales and marketing teams in fine-tuning their pricing strategy. For example, each service provided to a customer can have a completely distinct set of attributes, creating organizational flexibility when selling and delivering products. It also provides customers with a streamlined bill presentation of all services.

Dynamic Contract Management

Sales contracts define the relationship between company and customer and are the foundation for every billing activity. SOFTRAX RMS handles each contract as a dynamic and ever-changing relationship with the customer. It supports maintenance of in-depth information about contract details and related records, as well as a full audit trail and history of changes and amendments to a contract’s key elements. In addition to managing scheduled activity, SOFTRAX RMS seamlessly processes product add-ons, miscellaneous charges, and other contract changes that occur during a billing cycle. SOFTRAX RMS is designed to integrate with usage metering systems to automate bill construction based on consumption. 

The SOFTRAX Advantage

Seamless Integration

SOFTRAX RMS automatically generates billing schedules and manages transactions over the life of a customer relationship.  SOFTRAX RMS effortlessly processes product add-ons miscellaneous charges, and other contract changes that occur during a billing cycle.

Checklist

Automate Complex Billing

SOFTRAX RMS provides a true path to automation and transparency across even the most complex billing and revenue recognition scenarios. SOFTRAX RMS gives you the ability to automate the most complex billing structures for consumption or subscription billing  without the need to resort to spreadsheets.

SaaS Cloud

Drive Efficiency

SOFTRAX RMS is designed to take in data related to billing from any number of upstream systems, including order, CRM, CPQ, or change event data. The policy-based concept behind the RMS is designed to eliminate manual touches to drive efficiency and reduce risk.

Let us show you what SOFTRAX can do

FREE CPE WEBINAR
A SaaS Company’s Revenue Management Journey – From Start-up to Enterprise
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