Software

As hundreds of leading high tech companies have discovered, SOFTRAX offers an optimal solution for automating billing, renewals, deferred revenue accounting and revenue recognition. There simply is no comparable product on the market that can match the comprehensive, integrated, and scalable features which the SOFTRAX solution provides for the software industry.

Managing finance operations for software companies is complicated. Renewing maintenance contracts is a major cash flow contributor, but is frequently an ad hoc process. Revenue recognition typically involves sophisticated revenue scheduling, allocation, and VSOE carve outs as well as pricing issues. All of which must be accounted for in accordance with SOP 97-2 and SOP 98-9. New financial models such as software as a service (SaaS), on demand, or by subscription are being added to create new revenue opportunities. But, they present a host of new accounting issues for the financial infrastructure.

SOFTRAX simplifies things for you and your customers

A recognized leader in the development of integrated solutions for billing and revenue management in the software industry, SOFTRAX applications meet the needs of fast changing, complex software business models better in a way other enterprise financials, ERP, and CRM solutions simply do not. With SOFTRAX, supporting new pricing or bundling programs is simple. Tracking complex installed base information is automatic. Renewal information is monitored in detail so notices can be sent out in advance, increasing renewal rates and optimizing cash flow. Revenue accounting and compliance with complex accounting and reporting rules such as SOP 97-2 VSOE, SOP 98-9, SOP 81-1; SEC regulations SAB 101 and SAB 104 are greatly simplified, enhancing Sarbanes-Oxley compliance efforts.

In addition, the comprehensive customer transaction database in SOFTRAX enables unprecedented reporting and forecasting capabilities. As a result, finance executives can optimize revenue, lower costs, and better manage the true growth drivers of the business.

Key Benefits

Automated revenue accounting (from deferral, to scheduling, allocation, and recognition including support for VSOE, SOP 97-2, SOP 98-9 and SOP 81-1) Capture 100% of your maintenance renewals Consolidate one-time, recurring, and variable charges for billing Streamline order management Manage installed base information Enhance compliance initiatives Increase insight into business performance

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