CANTON, Mass. – November 25th, 2014 – Revenue recognition specialists SOFTRAX are pleased to announce that Textura Corporation, the leading provider of collaboration solutions for the construction industry, is joining the growing number of businesses using SOFTRAX Revenue Manager to augment existing ERP and other financial platforms.
“This deployment signifies Textura’s continued commitment to efficiencies and controls in their financial reporting,” said Graham Hulme, Product Manager for SOFTRAX Revenue Manager. “Expanding operations, business shifts, and regulatory changes can create significant revenue recognition challenges for companies – ones their existing systems often struggle with. Our Revenue Manager technology gives enterprises a modular solution that seamlessly integrates with their existing systems to support today’s complex revenue recognition requirements and the new guidance recently finalized by FASB and the IASB.”
“As a public company, Textura is committed to providing transparency into its financial data. By deploying SOFTRAX, we simultaneously increase not only security and controls, but also our efficiency and scalability as an organization,” said Jillian Sheehan, CFO at Textura. “We like a lot of what our existing accounting system provides, but it doesn’t have the depth to cope with our complex revenue recognition needs. Revenue Manager allows us to keep the systems we know while giving us the additional capabilities we need – all with a minimum of disruption. Coupled with SOFTRAX’s history and reputation in the marketplace, the choice was an obvious one.”
Textura® is the leading provider of collaboration and productivity tools for the construction industry. Textura’s solutions serve all construction industry professionals across the project lifecycle – from take-off and estimating, bid qualification and management, prequalification, field management, submittals, invoicing and payment, claims, and LEED® management.
About SOFTRAX Revenue Manager
SOFTRAX Revenue Manager gives companies the power to address complex revenue recognition requirements not met by their current solutions – all with a minimum of disruption. Revenue Manager streamlines business processes by automating complex tasks while giving you the control and flexibility to use the exact pricing, billing, and revenue models you need. Powerful, customizable reports and extensive audit support keeps your data manageable for everybody from accountants to executives.
Thanks to its modular design and a strong integration, SOFTRAX Revenue Manager is ERP agnostic, easily integrating with leading enterprise solutions such as Microsoft Dynamics, Netsuite, SAP, Oracle, or Intacct.
For over 15 years, SOFTRAX has been fundamentally changing the way companies manage, report, and forecast their revenue and cash. With over 500 successful deployments, SOFTRAX is a leading provider of revenue automation solutions for US enterprises. Today, corporations manage billions of dollars through SOFTRAX, maximizing their revenue, reducing operating expenses, and complying with revenue recognition regulations and Sarbanes-Oxley requirements while gaining unparalleled visibility into their business performance.
SOFTRAX is headquartered in Canton, MA. More information can be found at www.SOFTRAX.com.