The SOFTRAX Revenue Management System is here to transform how finance professionals handle revenue management. In today’s fast-paced financial landscape, CFOs, accountants, and controllers face mounting challenges; complex billing models, stringent compliance requirements, and the demands of ASC 606 and IFRS 15. SOFTRAX RMS simplifies it all. Our system automates billing, contract renewals, and revenue recognition; ensuring compliance while saving time and resources. From milestone billing to subscription and consumption-based models, SOFTRAX handles it seamlessly. Our proprietary policy engine enables touchless accounting, eliminating manual tasks and boosting efficiency. With SOFTRAX, you can focus on revenue creation, not just management. Schedule a demo today and see how SOFTRAX can streamline your financial processes. Let SOFTRAX handle the complexity so you can focus on growth.
At SOFTRAX, we realize that financial workers – from CFOs and Chief Accounting Officers through Senior Accountants and Controllers – are facing a tough environment. New billing models, such as subscription and consumption, combined with the compliance requirements of ASC 606 / IFRS 15 for revenue recognition have added additional layers of complexity to an already tough job.
SOFTRAX has a way to save time and resources while meeting your reporting and compliance goals. Our Revenue Management System (RMS) offers the industry’s most powerful single system to manage all forms of billing, contract renewal, and revenue recognition.
SOFTRAX RMS provides a high level of automation to support all types of billing functions, all while keeping in compliance with ASC 606 / IFRS 15 revenue recognition.
Milestone Billing relies on scheduling, inputs, and budgets, and SOFTRAX allows these to be seamlessly deployed and managed to keep you on schedule.
SOFTRAX RMS manages Subscription and Consumption Billing and provides an easy way to launch and maintain MRR and ARR to capture all revenue.
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 has you covered in every phase of contract renewal management.
Revenue Recognition is complicated through ASC 606 / IFRS 15 using a five-step recognition process across industries. SOFTRAX draws on its legacy as one of the industry’s first revenue recognition systems, to offer SOFTRAX RMS, a multi-tenant cloud solution that increases back-office automation to streamline every aspect of revenue recognition.
Companies that employ Doubtless Revenue Accounting will have a better way to navigate an environment that includes growing complexity in processing, increasing scrutiny on complicated regulation, aging back-office ERP systems, and changing technologies and data flows.
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