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What is SOFTRAX Revenue Management System?

The SOFTRAX Revenue Management System (RMS) represents a cutting-edge solution for managing revenue effectively. It uniquely integrates best-in-class automation for various billing types—including one-time, milestone, subscription, consumption, and renewal billing—alongside complex revenue recognition, all within a single platform to enhance the revenue management workflow. This cohesive system empowers organizations to concentrate on more strategic and profitable analytical endeavors. SOFTRAX offers an unparalleled comprehensive solution that addresses all forms of intricate billing and revenue recognition, fully compliant with the latest ASC 606 and IFRS 15 standards. This exceptional system fosters a high degree of automation, propelling your back-office operations toward the principles of continuous accounting. In addition, SOFTRAX RMS achieves the highest level of automation available across the industry. This unified solution effortlessly integrates with pre-existing ERP, CRM, CPQ, or custom-built systems, automating the exchange of order and fulfillment data to initiate the billing and revenue recognition processes. Furthermore, the system adeptly manages exchange rate fluctuations, tax calculations, and payment processing to guarantee accurate and timely financial transactions. By leveraging SOFTRAX RMS, organizations can significantly enhance their operational efficiency and revenue management accuracy.

What is MaximRMS?

MaximRMS, with a legacy of 25 years and a global clientele surpassing 3,000, offers proven predictive analytics and machine learning solutions that can enhance revenues by 6-15%. Whether you seek to improve your current RMS technology, develop a customized RMS that meets your specific requirements, or implement a thorough revenue management strategy, MaximRMS has the knowledge and technical skills to aid your revenue management initiatives while delivering state-of-the-art technology. General managers and senior executives receive an overview of operational performance and competitive insights, while revenue managers and analysts benefit from total transparency, control, and advanced analytical tools down to the smallest detail. Local management teams receive quick access to key performance indicators and strategic advice, ensuring they stay informed and proactive in their decision-making. Moreover, the firm provides regional and corporate leaders with tools for monitoring long-term performance, scanning, and planning, enabling flexible reporting across various organizational tiers. This holistic strategy not only positions MaximRMS as an essential ally in navigating the intricate landscape of revenue management but also empowers businesses to adapt swiftly to industry changes and challenges. Ultimately, MaximRMS stands out as a trusted partner, dedicated to driving success in revenue management through innovative solutions and personalized support.

Media

Media

Integrations Supported

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

Integrations Supported

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

API Availability

Has API

API Availability

Has API

Pricing Information

$420.00/month
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

SOFTRAX

Date Founded

1999

Company Location

United States

Company Website

www.softrax.com

Company Facts

Organization Name

Maxim

Date Founded

1987

Company Location

United States

Company Website

maximrms.com/#rev-mgmt

Categories and Features

Billing and Invoicing

Billing Portal
Contact Database
Contingency Billing
Customer Portal
Customizable Invoices
Dunning Management
Hourly Billing
Invoice History
Mobile Payments
Multi-Currency
Online Invoicing
Online Payments
Payment Processing
Project Billing
Recurring/Subscription Billing
Service Ticket Billing
Tax Calculator

Recurring Billing

Customer Portal
Deferred Billing
Discount Management
Dunning Management
Invoice History
Multi-Currency
Multi-Period Recurring Billing
Payment Processing
Recurring Donations
Subscription Billing

Revenue Management

Competitor Analysis
Dynamic Pricing
For Airlines
For Hospitality Industry
Forecasting
Inventory Control
Price Optimization
Recommendation Engine
Yield Management

Subscription Management

Cancellation Management
Discount / Coupon Management
Dunning Management
Enrollment Management
Product Catalog
Recurring Billing
Revenue Recognition
Revenue Recovery Tools
Self Service Portal
Subscription Plan Management
Tax Management
Trial Management
Usage Tracking/Analytics

Categories and Features

Revenue Management

Competitor Analysis
Dynamic Pricing
For Airlines
For Hospitality Industry
Forecasting
Inventory Control
Price Optimization
Recommendation Engine
Yield Management

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