SOFTRAX
3.7
10

Not Claimed

Softrax Revenue Manager is a modular solution for enterprise-level revenue recognition challenges that seamlessly integrates with existing systems to act as a revenue subledger. It supports ASC-606/IFRS 15 and multiple revenue policies, has deep functionality via "Point and Click" configurations, robust audit support, revenue transparency via a state of the art BI engine, security and access controls, strong support to handle post-processing changes and adjustments, and plug and play integration with over 200 ERP systems. It is the culmination of two decades of experience in managing complex revenue recognition and provides the most rapid, least disruptive means of automating revenue recognition to ensure compliance in this time of regulatory change.
Developer
Softrax
Category
ERP
HQ Location
Canton, MA
Year Founded
1999
Number of Employees
49
Strengths
  • Automation

    Automates revenue recognition and billing processes

  • Scalability

    Scales to meet the needs of large enterprises

  • Compliance

    Ensures compliance with revenue recognition standards

Weaknesses
  • Complexity

    Can be complex to set up and use

  • Cost

    Can be expensive for small businesses

  • Integration

    May require integration with other systems for full functionality

Opportunities
  • Growing demand for revenue recognition software
  • Opportunity to expand globally
  • Opportunity to form partnerships with other software providers
Threats
  • Competition from other revenue recognition software providers
  • Changes in revenue recognition regulations could impact demand
  • Economic downturn could impact demand for software

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http://www.softrax.com
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SOFTRAX Plan

SOFTRAX offers a tiered pricing model with different versions and features, starting at $25,000 per year.
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