SOFTRAX
3.7
10
Softrax Revenue Manager is a modular solution for enterprise-level revenue recognition challenges that seamlessly integrates with existing systems to act as a revenue subledger. It supports ASC-606/IFRS 15 and multiple revenue policies, has deep functionality via "Point and Click" configurations, robust audit support, revenue transparency via a state of the art BI engine, security and access controls, strong support to handle post-processing changes and adjustments, and plug and play integration with over 200 ERP systems. It is the culmination of two decades of experience in managing complex revenue recognition and provides the most rapid, least disruptive means of automating revenue recognition to ensure compliance in this time of regulatory change.
Strengths
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Automation
Automates revenue recognition and billing processes
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Scalability
Scales to meet the needs of large enterprises
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Compliance
Ensures compliance with revenue recognition standards
Weaknesses
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Complexity
Can be complex to set up and use
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Cost
Can be expensive for small businesses
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Integration
May require integration with other systems for full functionality
Opportunities
- Growing demand for revenue recognition software
- Opportunity to expand globally
- Opportunity to form partnerships with other software providers
Threats
- Competition from other revenue recognition software providers
- Changes in revenue recognition regulations could impact demand
- Economic downturn could impact demand for software
Ask anything of SOFTRAX with Workflos AI Assistant
http://www.softrax.com
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SOFTRAX Plan
SOFTRAX offers a tiered pricing model with different versions and features, starting at $25,000 per year.