|
Overview: Softrax provides optimal revenue recognition at lower cost. With Softrax, mission critical revenue processes are automated and integrated across the whole financial infrastructure, supporting compliance with SEC, FASB and Sarbanes-Oxley regulations. Softrax solutions address the entire revenue cycle from contract management and order entry, to billing, renewals, revenue recognition, reporting and forecasting.
Softrax Revenue Management solutions improve the accuracy, availability, and usability of key financial data by establishing an integrated process for revenue management. Strategic and operational benefits are delivered to key personnel:
Executives can see real-time revenue reports and better forecast future revenue streams. As a result, they can make more informed decisions concerning capital requirements, M&A, and resource allocation.
Financial Professionals can instantly perform previously labor-intensive tasks such as renewals, billing, and deferred revenue. They can also manage multi-company, multi-currency accounting accurately and with complete confidence.
Sales, Marketing, Support and Professional Services can all have access to appropriate account, product, and project data on their desktops wherever they go.
As a result of eliminating revenue leaks, increasing cash flow, lowering G&A costs, and reducing financial reporting liabilities, Softrax delivers a full ROI, frequently in a matter of months.
KnowledgeStorm's detailed company reports contain important information including: stock symbols, company size, addresses, and more. You may access this additional information about this company by viewing one of the detailed solution reports or research abstracts listed below.
|
Solutions offered by Softrax Corporation.
|
Complex Billing, Contract Management and Revenue Recognition Software by Softrax Corporation.
Softrax provides a robust solution for automating transaction, subscription and usage based billing processes with integrated contract management and revenue accounting capabilities, incl. multi-tiered pricing, transaction based charging, flexible billing schedules and deferred revenue management.
Revenue Analytics and Financial Forecasting Software by Softrax Corporation.
Softrax Business Intelligence delivers actionable revenue analytics and financial forecasting to help you optimize top line performance. With Softrax BI, executives and financial professionals have instant access to detailed views of revenue that are personalized, timely and "in context" to the questions they need answered.
Revenue Recognition for ERP – Complement SAP, Oracle, Microsoft by Softrax Corporation.
Softrax Revenue Manager is the only enterprise application dedicated to managing revenue recognition processes within the corporate IT infrastructure, including allocation, scheduling, recognition, compliance, reporting, and forecasting—in a single system complementing your existing ERP, Business Intelligence and Compliance infrastructure.
Revenue Recognition, Contract Renewals and Order Management Software by Softrax Corporation.
Softrax provides a complete solution for streamlining revenue recognition, maintenance renewals, order management, complex billing, reporting, and financial forecasting. Softrax is the robust foundation for finance operations as well as compliance with accounting guidelines and Sarbanes-Oxley requirements.
|
Research offered by Softrax Corporation
|
Benchmarks for Billing: How Complex Business Models Impact Quality, Accuracy and Efficiency by Softrax Corporation. October 2007 - A recent survey questioned professionals at 267 corporations about their billing organization and their billing processes. The main industries represented include: High Technology, Business Services, Manufacturing, Financial Services and Telecom.
Best Practices - Streamlining Revenue Processes for Growth by Softrax Corporation. July 2006 - While M&A has been an effective growth strategy, the finance department inherited the inefficiencies of these companies, ending up with multiple spreadsheets tracking each of its products. Learn how a technology company brought order to the chaos and achieved substantial efficiencies in Contract Administration and revenue management.
Best Practices in Revenue Reporting by Softrax Corporation. October 2007 - RevenueRecognition.com in association with IDC recently surveyed 578 business leaders about the need for improvements in their finance processes, with a focus on revenue recognition and related reporting processes. More than 80% of respondents are CFOs, Controllers, senior finance executives, internal auditors, or compliance leaders.
Billing Strategies for Innovative Business Models: How Boring Old Billing Could Be the Competitive Advantage You Never Knew You Had by Softrax Corporation. March 02, 2006 - Billing processes are one of the most underrated competitive assets in business. They are fundamental to bringing innovative ways of delivering products and services to market.
The last thing a CEO wants to hear is that their new market strategy won't work because "we can't bill that way."
Contract Management: An Enterprise Process Perspective - a Contract Management Magazine feature by Softrax Corporation. November 2004 - Today's complex customer relationships require a formal contract management process to ensure optimal revenue performance. This article, featured in the Nov 04 edition of Contract Management, sheds light on the critical relationship between contracts and accounting, as well as strategies for successful enterprise solutions.
Eliminate Spreadsheets for Deferred Revenue, Maintenance Renewals & Order Management with Softrax by Softrax Corporation. October 2007 - Tumbleweed’s financial infrastructure comprised two enterprise systems and more than a dozen spreadsheets. Reconciling financial transactions required a great deal of manual intervention, introducing delays and inaccuracies into the reporting process. Then a new CFO brought in Softrax to provide better controls, visibility, and flexibility.
Enterprise Systems and Revenue Recognition: The Missing Link by Softrax Corporation. August 01, 2006 - RevenueRecognition.com in association with IDC, present the findings from a survey of 685 business leaders about the need for improvements in their finance processes.
Financial Compliance Checklist - Billing Edition by Softrax Corporation. November 2006 - Do you have all the bases covered when it comes to your most strategic finance asset - BILLING? Can your financial infrastructure support quick responses to competitive actions? Fill out our new online automated checklist, "The Financial Compliance Checklist - Billing Edition" to see where your company fits in.
Softrax Business Intelligence: Revenue Analytics and Forecasting by Softrax Corporation. June 2006 - A detailed understanding of your key revenue drivers is essential to strategic planning & business performance. Unfortunately, revenue data is often impossible to aggregate with typical BI tools because of the complex accounting involved. This white paper summarizes how to accurately analyze & forecast revenue to enhance executive decision making.
SOP 97-2: Current Issues in Vendor Specific Objective Evidence (VSOE) Accounting by Softrax Corporation. February 2007 - This technical presentation from A.C. Sondhi, a member of FASB’s Emerging Issues Task Force (EITF) presents an insider’s guidance on a range of current Vendor Specific Objective Evidence (VSOE) accounting issues.
SOX 404 Checklist: Do You Have Internal Control of Your Revenue? by Softrax Corporation. January 2004 - Can you gauge the level of exposure in your current revenue related internal controls and processes? Is your revenue managed correctly, throughout the entire revenue cycle? Our new checklist can help you find an answer, and deliver mission-critical information about revenue and Sarbanes-Oxley compliance in the process.
The Revenue Compliant Enterprise, Part One: Achieving Accurate Revenue Accounting, Reporting, and Forecasting by Softrax Corporation. October 19, 2005 - Revenue compliance must become a core competency to ensure proper reporting, optimal performance, and mitigate risk. This 2-part series presents critical success factors for achieving a Compliant Enterprise, and outlines key capabilities required to control revenue associated with various business models.
|
 |
