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What is SOFTRAX Revenue Management System?

The SOFTRAX Revenue Management System (RMS) automates the full lifecycle of revenue recognition and revenue management, enabling companies to spend less time managing compliance and more time driving growth. Purpose-built for complex, high-volume environments, SOFTRAX RMS centralizes contract data, applies configurable revenue rules, and ensures accurate, audit-ready revenue outcomes.

What is Flowrev?

Employ the uncomplicated connect and bulk data upload approach to set up and authenticate your revenue and expense forecasts. Effortlessly download and handle new invoices, while also crafting flexible recognition timelines for each entry by integrating recognition timing criteria with calculation methods for every reporting period. With a single click, you can instantly access the latest revenue and costs displayed in your income statement by aligning aggregated monthly recognition schedules. Easily review recognition timelines and investigate the individual elements that contribute to them in-depth. Adjustments, including cancellations, can be navigated while ensuring complete traceability of all changes made. Flowrev operates as an all-inclusive software solution for cost and revenue recognition, alongside lifecycle management, and is compatible with popular online accounting systems. Beyond the excellent advantages these platforms inherently offer, Flowrev further amplifies their capabilities by enabling businesses to recognize prepaid expenses and deferred revenue either on the date of service or over a designated timeframe, regardless of when payments or invoices are processed. This additional feature guarantees that businesses uphold precise financial reporting and adherence to compliance standards, fostering a more reliable financial management environment. By implementing Flowrev, organizations can streamline their financial operations, ultimately leading to better decision-making and enhanced profitability.

Media

Media

Integrations Supported

Aria
Avalara
Microsoft Dynamics 365
NetSuite
SAP Business One
Salesforce
Sovos
Thomson Reuters ONESOURCE

Integrations Supported

API Availability

Has API

API Availability

Pricing Information

$420.00/month
Pricing starts at $420.00 per month based on usage. Contact SOFTRAX for detailed pricing information.

Pricing Information

$40.00/month/user

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

SOFTRAX

Date Founded

1999

Company Location

United States

Company Website

www.softrax.com

Company Facts

Organization Name

Flowrev

Date Founded

2015

Company Location

United States

Company Website

www.flowrev.com

Categories and Features

Revenue Management

Dynamic Pricing
Forecasting
Price Optimization

Revenue Recognition

Not specified

Categories and Features

Invoice Generators

Not specified

Recurring Billing

Not specified

Revenue Recognition

Not specified

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