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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 RightRev?

RightRev empowers organizations to seamlessly create quotes and execute sales while improving revenue recognition to comply with modern accounting regulations. Working in tandem with Salesforce’s extensive ecosystem, which encompasses integrated CRM, CPQ, subscriptions, orders, billing, and cash collection, RightRev enhances these functions through automated revenue recognition specifically designed to navigate the intricacies of revenue accounting in alignment with ASC 606 and IFRS 15. Conventional revenue recognition practices and systems often prove to be laborious, inefficient, and prone to various inaccuracies. It’s time to move past outdated spreadsheets and bespoke solutions that no longer meet your business requirements. RightRev offers a seamless integration with your sales and revenue accounting processes, providing a unified platform for sales operations and revenue analysis across a diverse range of offerings, including subscriptions, one-time purchases, services, training, promotions, and other products. Our revenue recognition solution, built with cutting-edge technology, is tailored to scale with your growing volume and workload demands while preserving both efficiency and precision. With RightRev, organizations can concentrate on expansion without the weight of complex revenue recognition issues, allowing them to thrive in an increasingly competitive environment.

Media

Media

Integrations Supported

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

Integrations Supported

Salesforce
Amazon Web Services (AWS)
Nue
PwC Enterprise Insights

API Availability

Has API

API Availability

Has API

Pricing Information

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

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

SOFTRAX

Date Founded

1999

Company Location

United States

Company Website

www.softrax.com

Company Facts

Organization Name

RightRev

Company Location

United States

Company Website

rightrev.com

Categories and Features

Revenue Management

Dynamic Pricing
Forecasting
Price Optimization

Revenue Recognition

Not specified

Categories and Features

Revenue Management

Forecasting

Revenue Recognition

Not specified

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