Canton, Mass. – January 22nd, 2014– SOFTRAX, revenue management specialists for the enterprise, announced today they have surpassed 500 successful customer deployments. Since its incorporation in 1999, SOFTRAX has helped hundreds of customers in sectors as diverse as software, healthcare, education, and information services address their most challenging revenue recognition and billing issues.
SOFTRAX offers a range of solutions for companies seeking to extend the life of their existing ERP or other financial systems and move key processes off of risk-inherent home-grown customizations or spreadsheet-based systems. Contrax and Operations provide the perfect all-in-one solutions to enhance the revenue management capabilities of existing ERP systems, including order and renewal management, billing, and revenue recognition.
Revenue Manager, the most recent addition to the SOFTRAX product family, leverages all of SOFTRAX’s 15-year history and experience to provide a best-in-class revenue recognition solution. Revenue Manager is the perfect fit for companies looking to address specific gaps in their revenue recognition processes or concerned about coming changes in revenue recognition guidance. Through Revenue Manager, companies are able to enhance existing ERP investments, avoiding the need for a costly, disruptive system replacement. As with all of SOFTRAX’s products, key processes are de-risked and reporting and audit are substantially automated.
“Our 500th deployment represents a tremendous milestone, but also speaks to the value of high-quality, dedicated revenue and billing management solutions,” said Graham Hulme, Director of Product Management at SOFTRAX. “We’re proud to be leaders in this space.”
For fifteen years, SOFTRAX’s solutions have fundamentally changed the way companies manage, report, and forecast their revenue and cash. Corporations manage billions of dollars with SOFTRAX solutions to maximize their revenue, reduce operating expenses, comply with revenue recognition regulations and Sarbanes-Oxley requirements, and gain unprecedented visibility into their business performance. SOFTRAX is headquartered in Canton, MA. More information can be found at www.SOFTRAX.com or by calling 972.715.4028.