SOFTRAX

SOFTRAX provides leading revenue recognition and enterprise billing solutions that change the way companies manage, analyze, and report revenue.

Languages supported: English

7.6/10 (Expert Score) ★★★★★
Product is rated as #143 in category Billing Software
Ease of use
7.4
Support
7.3
Ease of Setup
6.2

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Softrax Revenue Manager is a Modular Solution for Enterprise-Level Revenue Recognition Challenges. It represents a self-contained module that seamlessly integrates with existing systems to act as your revenue subledger.

– Full support for ASC-606/IFRS 15
– Support for multiple revenue policies (“Books”)
– Deep functionality via “Point and Click” configurations
– Robust audit support (both revenue policy and transaction processing)
– Revenue Transparency via a state of the art BI engine
– Security and access controls
– Strong support to handle post-processing changes and adjustments
– Plug and play integration with over 200 ERP systems

Revenue Manager is the culmination of two decades of experience in managing complex revenue recognition. Revenue Manager provides the most rapid, least disruptive means of automating revenue recognition to ensure compliance in this time of regulatory change.

SOFTRAX
SOFTRAX

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Customer Reviews

SOFTRAX Reviews

Jon T.

Advanced user of SOFTRAX
★★★★★
Revenue Management

What do you like best?

Tracking of Deferred Revenue and managing renewal and subscriptions.

What do you dislike?

The initial learning curve of how to set it up. I have found that many companies did not understand how to set it up. I found that some Softrax consultant were not proficient in their knowledge of Softrax.

Recommendations to others considering the product:

Thoroughly understand your revenue recognition needs and what systems it will integrate with and how.

What problems are you solving with the product? What benefits have you realized?

To move revenue recognition management away from excel and into a more secure system that is constantly being updated to changes in revenue recognition. Tracking of Deferred revenue and for billing of renewals.

Review source: G2.com

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