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What is Stripe Revenue Recognition?

Stripe Revenue Recognition streamlines accrual accounting, facilitating a quick and accurate closing of your financial accounts. By automating and customizing revenue reports, it supports compliance with IFRS 15 and ASC 606 revenue recognition standards with ease. As your company grows, managing revenue can become an overwhelming and error-prone endeavor. This is why we've embedded a revenue recognition feature into Stripe, allowing for the automation of your transaction and billing agreement accounting processes. Our solution skillfully navigates complex scenarios such as upgrades, downgrades, prorations, refunds, and disputes without any complications. With dependable data readily accessible, you can prepare financial statements that are audit-ready and gain a comprehensive view of your business operations. You can effortlessly track all your Stripe transactions and terms while also being able to import data from other non-Stripe sources via the dashboard. Furthermore, you can create pre-configured accounting reports that eliminate the requirement for specialized engineering resources, enabling you to concentrate on what matters most—expanding your business. This seamless integration guarantees that every aspect of your revenue accounting is managed effectively, providing you with peace of mind throughout the process. Moreover, the comprehensive support ensures that you can adapt quickly to any changes in your financial landscape.

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.

Media

Media

Integrations Supported

Adyen
Aria
Avalara
Microsoft Dynamics 365
NetSuite
PayPal
Payrix
Planview ChangePoint
QuickBooks Online
SAP Business One
Salesforce
Sovos
Square POS
Stripe
Thomson Reuters ONESOURCE
WePay
Zoho CRM

Integrations Supported

Adyen
Aria
Avalara
Microsoft Dynamics 365
NetSuite
PayPal
Payrix
Planview ChangePoint
QuickBooks Online
SAP Business One
Salesforce
Sovos
Square POS
Stripe
Thomson Reuters ONESOURCE
WePay
Zoho CRM

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$420.00/month
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

Stripe

Date Founded

2010

Company Location

United States

Company Website

stripe.com/revenue-recognition

Company Facts

Organization Name

SOFTRAX

Date Founded

1999

Company Location

United States

Company Website

www.softrax.com

Categories and Features

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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