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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 Ordway?

Ordway serves as a sophisticated platform for bill management and revenue automation tailored to support business growth. This solution streamlines the processes of product pricing, invoicing, and payment collection, while also ensuring proper revenue recognition. Designed specifically for small businesses, the cloud-based service removes the need for manual interventions in the areas of revenue recognition and accounts receivable. Positioned between an accounting system and a customer relationship management (CRM) tool, it offers flexible templates to accommodate various customer needs, such as handling multiple contracts, unique terms, and diverse charges. Additionally, the platform is capable of producing precise revenue schedules and allows finance teams to develop customized revenue recognition templates. With automated billing functionalities, it sends out monthly invoices that cover all active and newly onboarded customers. Furthermore, the platform's integration with existing systems is seamless, causing minimal disruption to engineering teams through the use of REST API-first technology, ultimately enhancing operational efficiency. This comprehensive approach ensures that businesses can focus more on growth while relying on Ordway to manage their billing and revenue processes effectively.

Media

Media

Integrations Supported

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

Integrations Supported

Salesforce
5X
Blotout
HiBob Finance Suite
HubiFi
Meltano
PeakCommerce
QuickBooks Online
Scispot

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

Contact for quote

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
On-Site Training

Company Facts

Organization Name

SOFTRAX

Date Founded

1999

Company Location

United States

Company Website

www.softrax.com

Company Facts

Organization Name

Ordway

Date Founded

2018

Company Location

United States

Company Website

www.ordwaylabs.com

Categories and Features

Revenue Management

Dynamic Pricing
Forecasting
Price Optimization

Revenue Recognition

Not specified

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
Tax Calculator

Billing and Provisioning

Billing & Invoicing
Contract Management
Customer Accounts
Customizable Billing
Flexible Rate Tables
Internet
Order Management
Post-Paid Systems
Pre-Paid Systems
Provisioning

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 Recognition

Not specified

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