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.

Pricing

Price Starts At:
$420.00/month
Price Overview:
Pricing starts at $420.00 per month based on usage. Contact SOFTRAX for detailed pricing information.

Integrations

Offers API?:
Yes, SOFTRAX Revenue Management System provides an API

Screenshots and Video

Company Facts

Company Name:
SOFTRAX
Date Founded:
1999
Company Location:
United States
Company Website:
www.softrax.com
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Product Details

Deployment
SaaS
Training Options
Documentation Hub
Online Training
Webinars
On-Site Training
Video Library
Support
Standard Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

SOFTRAX Revenue Management System Categories and Features

Subscription Management Software

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

Revenue Management Software

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

Recurring Billing Software

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

Billing and Invoicing Software

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

More SOFTRAX Revenue Management System Categories