AMBULANCE OPERATIONS. Three types of ambulances Type I Type II Type III.
SOFTRA X Operations · 605-35: Construction-Type and Production-Type Contracts (SOP 81-1), ASC 605:...
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™ Manage critical revenue information and automate vital financial processes. PRODUCT BRIEF SOFTRAX Operations unifies operational data to prevent revenue from falling through the cracks. SOFTRAX Operations is an enterprise solution designed specifically for companies with complex billing and revenue recognition processes. It houses all of a corporation's operational data in one tightly-integrated, highly efficient resource and automates key accounting workflows throughout the entire revenue cycle. By eliminating the manual, error-prone process of maintaining information in multiple databases, spreadsheets and paper files, SOFTRAX Operations delivers a robust foundation for compliance with accounting guidelines and Sarbanes-Oxley requirements. Companies using SOFTRAX Operations increase productivity, improve cash flow and achieve greater transparency, enabling them to manage their businesses more successfully. MANAGE WITH GREATER FLEXIBILITY AND VISIBILITY No matter how complex the product and service offerings, SOFTRAX Operations stores and tracks transactions with ease. Maintain multiple price books. Set up contacts within a multi-dimensional customer hierarchy. Create a broad range of license, subscription and usage-based contracts, support programs, and packaged assemblies. Then drill down for details on any individual product, customer, or installation with ease and speed. RECOGNIZE DEFERRED REVENUE CORRECTLY SOFTRAX Operations handles deferred revenue automatically, allocating maintenance contract fees, subscriptions, and even individual product component revenue according to whatever logic is specified. The result: optimal revenue management processes that support compliance with recognition guidelines like ASC 985-605: Software Revenue Recognition (EITF 09-3, SOP 97-2), ASC 605-35: Construction-Type and Production-Type Contracts (SOP 81-1), ASC 605: Revenue Recogition (SAB Topic 13), ASC 605-25 Multiple Element Arrangements (EITF 08-1), and ASC 605- 10-S99L Revenue Recognition Overall (SAB 101 & 104). COMPLETELY AUTOMATE YOUR BILLING PROCESSES The powerful billing functionality in SOFTRAX is highly flexible and comes integrated with contract management, price books, and of course core revenue management capabilities. Completely automate multiple billing methods—schedule milestone invoices, generate complex invoices, and easily apply revenue recognition guidelines for each. Customize invoices by account, location, project completion, and line item. Reconcile billing activity with revenue and create accurate reports and forecasts of cash flow and revenue recognition. RENEWAL MANAGEMENT SOFTRAX provides a fully integrated and automat- ed system for managing your existing customer relationships, especially maintenance contracts. Apply customized renewal rules by date, product, location, or customer. Automate pricing based on product-level contractual terms and resetting of contract coverage dates. Support co-terminus with full contract history. Implement multi-dimensional tiered pricing models, including contract maximums. Automatically create revenue schedules and generate pro forma notices/invoices. INCORPORATE MULTIPLE BUSINESS MODELS AND PROCESS COMPLEX FINANCIAL TRANSACTIONS SOFTRAX Operations excels at supporting rapidly evolving business models, with complex billing, ordering and product configuration. Numerous combinations of billing, fulfillment, and revenue recognition scenarios are accommodated. The product configuration facility within Operations enables the addition, configuration and reconfiguration of products at any time. As a business develops and expands, SOFTRAX Operations provides the infrastructure to support ongoing growth. SOFTRAX Operations
Transcript of SOFTRA X Operations · 605-35: Construction-Type and Production-Type Contracts (SOP 81-1), ASC 605:...
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Manage critical revenue information andautomate vital financial processes. P R ODU C T B R I E F
SOFTRAX Operations unifies operational data toprevent revenue fromfalling through the cracks.
SOFTRAX Operations is an enterprise solutiondesigned specifically for companies with complexbilling and revenue recognition processes. It houses all of a corporation's operational data inone tightly-integrated, highly efficient resource andautomates key accounting workflows throughoutthe entire revenue cycle.
By eliminating the manual, error-prone process ofmaintaining information in multiple databases,spreadsheets and paper files, SOFTRAX Operationsdelivers a robust foundation for compliance withaccounting guidelines and Sarbanes-Oxley requirements. Companies using SOFTRAXOperations increase productivity, improve cashflow and achieve greater transparency, enablingthem to manage their businesses more successfully.
MANAGE WITH GREATER FLEXIBILITY AND VISIBILITY
No matter how complex the product and serviceofferings, SOFTRAX Operations stores and trackstransactions with ease. Maintain multiple pricebooks. Set up contacts within a multi-dimensionalcustomer hierarchy. Create a broad range of license,subscription and usage-based contracts, supportprograms, and packaged assemblies. Then drilldown for details on any individual product, customer, or installation with ease and speed.
RECOGNIZE DEFERRED REVENUE CORRECTLY
SOFTRAX Operations handles deferred revenue automatically, allocating maintenance contract fees,subscriptions, and even individual product component revenue according to whatever logic is specified. The result: optimal revenue managementprocesses that support compliance with recognition guidelines like ASC 985-605: SoftwareRevenue Recognition (EITF 09-3, SOP 97-2), ASC605-35: Construction-Type and Production-TypeContracts (SOP 81-1), ASC 605: RevenueRecogition (SAB Topic 13), ASC 605-25 MultipleElement Arrangements (EITF 08-1), and ASC 605-10-S99L Revenue Recognition Overall (SAB 101 &104).
COMPLETELY AUTOMATE YOUR BILLING PROCESSES
The powerful billing functionality in SOFTRAX ishighly flexible and comes integrated with contractmanagement, price books, and of course core revenue management capabilities. Completely automate multiple billing methods—schedule milestone invoices, generate complex invoices, andeasily apply revenue recognition guidelines foreach. Customize invoices by account, location, project completion, and line item. Reconcile billingactivity with revenue and create accurate reportsand forecasts of cash flow and revenue recognition.
RENEWAL MANAGEMENT
SOFTRAX provides a fully integrated and automat-ed system for managing your existing customer relationships, especially maintenance contracts.Apply customized renewal rules by date, product,location, or customer. Automate pricing based onproduct-level contractual terms and resetting ofcontract coverage dates. Support co-terminus withfull contract history. Implement multi-dimensionaltiered pricing models, including contract maximums. Automatically create revenue schedulesand generate pro forma notices/invoices.
INCORPORATE MULTIPLE BUSINESS MODELS AND
PROCESS COMPLEX FINANCIAL TRANSACTIONS
SOFTRAX Operations excels at supporting rapidlyevolving business models, with complex billing,ordering and product configuration. Numerouscombinations of billing, fulfillment, and revenuerecognition scenarios are accommodated. Theproduct configuration facility within Operationsenables the addition, configuration and reconfiguration of products at any time. As a business develops and expands, SOFTRAXOperations provides the infrastructure to supportongoing growth.
SOFTRAX Operations
SOFTRAX CORPORATION WWW.SOFTRAX.COM45 SHAWMUT ROADCANTON, MA 02021
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SOFTRAX Operations
ACHIEVE GREATER EFFICIENCY, ACCOUNTABILITY,
AND PROFITABILITY BY MAINTAINING UP-TO-DATE
CUSTOMER INFORMATION
• Maintenance and subscription contracts
• Contract terms and conditions
• Contact and shipping data
• Hardware and system configurations
• Operating systems and platforms
• Installed products and versions
• License types
• Customer relationships and hierarchy
CUSTOMIZE EASILY WITH FLEXIBLE PARAMETERS
Create a wide range and variety of:
• Price books – cover OEMs, ISVs, channels, limited use, and more
• License types
• Contacts per customer
• Product configurations
• User-defined fields
ACCESS CUSTOMER AND ORDER DATA INSTANTLY
• Drill down in an installation to view licensing, pricing, or maintenance detail
• Integrated with inventory for instant order status
• Access information about customers, status, payment, and order history
MANAGE PRODUCT LINES
• Automatically generate fulfillment documents
• Compare orders to inventory in real-time
• Manage complex product assemblies and suites
• Benefit from a comprehensive inventory management system
LEVERAGE REPEAT BUSINESS
• Automatically generate lists of maintenance contracts, licenses, and subscriptions that are up for renewal
• Automatically generate pro-formal invoices for renewal programs
• Quickly query entire database to determine upgrade, update, or cross-sell targets
MANAGE REVENUE RECOGNITION
• Enables compliance with ASC and IFRS guidance for revenue recognition
• Automatically allocate and post subscriptions and maintenance contract revenue, using deferred revenue schedules
• Automatically allocate sales revenue among product components, based upon Vendor Specific Objective Evidence (VSOE) pricing
ENHANCE BUSINESS PERFORMANCE
• Increase customer satisfaction and retention
• Maximize repeat and incremental business
• Capture maintenance and support revenue more completely
• Make better-informed, faster business decisions
• Count on accurate financial reporting
SOFTRAX is a leading providerof enterprise billing and revenuemanagement solutions that fundamentally change the waycompanies manage, analyze,report, and forecast revenue.SOFTRAX solutions automatethe entire revenue cycle, fromcomplex billing and contractrenewals, through to revenuerecognition, reporting, and forecasting.
Hundreds of companies benefitfrom using SOFTRAX to maximize their revenue, reduceoperating expenses, and complywith revenue recognition regulations and Sarbanes-Oxleyrequirements.
ABOUT SOFTRAX
© 2013 SOFTRAX Corporation. All Rights Reserved.
P R ODU C T B R I E F
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