Research

Research organizations thrive on multiple revenue models. Large multi-year contracts require extensive expense tracking and reporting capabilities. Subscribers to licensed content can have unique pricing and entitlements. Royalty revenues can also complicate the accounting picture. Typically, these business models are managed separately with dedicated systems and spreadsheets, an approach that can adversely impact the accuracy of billing, revenue accounting, and key business performance information.

Softrax simplifies things for you and your customers

Softrax meets the many accounting and finance challenges involved in managing large contract and subscriber based revenue streams. Key contract terms are tracked across thousands of accounts each with unique usage rights, pricing, and renewal terms. Expenses are easily deferred and matched against performance and revenue data. Recurring, variable, and one-time charges can be included on a single itemized bill, uniquely presented according to the needs of each customer. Renewal information is monitored in detail so notices can be sent out in advance, increasing renewal rates and minimizing payment delays.

In addition, ongoing account information is captured in a comprehensive database providing unprecedented performance analysis and forecasting capabilities. As a result, financial executives can optimize revenue, lower costs, and better manage the true growth drivers of the business

Key Benefits

Simplify complex billing Track subscriber contract data Easily add new accounts, products and pricing models Automate revenue and expense accounting Tailor bill presentation to customer preferences Integrate easily with front-end subscriber and information management systems Enhance compliance initiatives Increase insight into business performance

Learn more about how Softrax can fundamentally improve your billing and revenue management processes.