ABOUT SOFTRAX SOFTRAX customers manage .compliance with revenue recognition rules (ASC 605, ASC...
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SOFTRAX solutions are specificallydesigned for businesses with complexbilling and revenue accounting needs.Maximize revenue and reduce operatingcosts, while complying with revenuerecognition regulations and Sarbanes-Oxleyrequirements.
OPERATIONS, ACCOUNTING, & COMPLIANCE
SOFTRAX uniquely integrates key opera-tional processes with essential account-ing functions. Core revenue-relatedprocesses are standardized and automat-ed to improve accuracy and efficiency.Consolidated reporting helps simplifycompliance with Sarbanes-Oxley, ASC,FASB (AICPA), and SEC revenue recogni-tion guidelines, and prepara-tion for IFRS guidelines.
INTEGRATE WITH YOURENTERPRISE SYSTEMS
SOFTRAX easily andseamlessly integrates with theenterprise systems you alreadyhave in place includingMicrosoft, SAP, Oracle,Salesforce, and more. With itsServices Oriented Architecture(SOA), SOFTRAX scales forany organization. Whileintuitive and user friendly, powerfuladministrative tools allow for continuousadaptability to changes in revenue policyand business processes.
IMPLEMENT A PROVEN SOLUTION
SOFTRAX delivers business criticalsolutions to companies of all sizes, fromprivately held organizations to publiccompanies with global operations.Developed with scalability and flexibilityin mind, SOFTRAX solutions areespecially adept at supporting growthstrategies driven by innovation oracquisition where multiple businessmodels must be managed as one. Noother offering provides the depth andbreadth of control over revenuemanagement issues.
Implement tiered pricing models forlicenses, maintenance, subscriptions,transactions, usage, and services.Customize bills to customers, trackunbilled amounts, and manage theseparation of billing from revenuerecognition. Automatically generaterevenue schedules. Automate GLmapping and monthly GL posting, andintegrate to any GL.
Improve the accuracy, availability, andusability of your key financial informationby eliminating spreadsheets and
integrating the flow of revenue dataacross all of your accounting processes.Support compliance with revenuerecognition rules, automatically createdeferral schedules, and applysophisticated business logic. Easilymanage product, maintenance,subscription, transaction, services, andbundled revenues.
SOFTRAX customers managebillions of dollars with our billingand revenue management solutions
SOFTRAX Solutionsr Revenue Managementr Compliancer Complex Billingr Revenue Reportingr Revenue Forecastingr Revenue Recognitionr Deferred Revenuer Renewal Managementr Order Managementr Contract Management
t Increased renewable revenue t Enhanced compliance processest Automated revenue accountingt Improved billing accuracy and timelinesst Reduced Days Sales Outstanding (DSOs)t Higher productivityt Better customer relationshipst Advanced reporting & forecasting
capabilitiest Faster close processes
A BOU T S O F T R A X
FAIR VALUE CALCULATIONS & REVENUE
Leverage transaction data to calculateFair Values (VSOE, TPE, BESP) accordingto standard and user-defined criteria, andapply to units of accounting. Fair valuescan be calculated, tested, and assignedusing an unlimited number ofstratification sets that fit your businesspractices. All ASC, FASB, SEC, andemerging IFRS convergence guidance arehandled in the calculation, assignment,and allocation processes. Highly flexibletools allow for automated or userinitiated initial carve-outs, postallocationcarve outs, reallocations, resets, holds,and exclusions.
REVENUE FORECASTING & HANDLING
Revenue schedules can be automaticallygenerated according to pre-definedtemplates and rules. Utilize date-driven,event-driven, usage, consumption,percent complete, milestone, conditional,and contingency based forecast methods.Handle forecast exception requirementssuch as putting forecasts on hold,applying credits, recasting, resetting,true-ups, and adjustments. Get end-to-end revenue management and reportingwith full unbilled and billed accountingfor revenue forecasts.
Renew by date, product, geography, orcustomer. Automatically update pricingand contract coverage dates. Implementmulti-dimensional tiered pricing models,including contract maximums.Automatically create revenue schedulesand generate pro forma notices/invoices.
Capture critical installation information,easily track upgrade histories and userlicenses. Link renewal schedules topricing tables. Always renew at the rightprice before the contract expires.
Simplify the administration andaccounting for multi-element contracts.Easily identify elements that must betreated as part of an agreement.Automatically calculate recognitionamounts for each element. Managemultiple schedules against a singlecontract. Enable entry of percentcomplete values that cascade throughoutthe system.
AUDIT & COMPLIANCE
Get a complete audit trail of all keyactivities and processes, and configurethe level of audit detail to meet yourspecific requirements. User friendlyadministration and security configurationoptions allow for efficient setups ofaccess and separation-of-duty privileges.SOFTRAX includes full support forcompliance with revenue recognitionrules (ASC 605, ASC 605-25, ASC 985-605, ASC 605-35, and ASC 605-10-S99L)and emerging IFRS convergenceguidance.
SOFTRAX CORPORATION WWW.SOFTRAX.COM45 SHAWMUT ROADCANTON, MA 02021
SOFTRAX is a leading provider ofenterprise revenue managementand billing software solutions thatfundamentally change the waycompanies manage, analyze,report, and forecast their revenue.SOFTRAX solutions automate theentire revenue cycle, from revenuerecognition, reporting andforecasting, through complexbilling and contract renewals.
Hundreds of corporations benefitfrom using SOFTRAX to optimizetheir revenue, reduce operatingexpenses, comply with revenuerecognition regulations andSarbanes-Oxley requirements, andgain unprecedented visibility intotheir business performance.
2013 SOFTRAX Corporation. All Rights Reserved.
Todays complex business models require separate, coordinated tracks for managing cash andrevenue, a challenge traditional systems are not designed to handle.