Softrax Solutions Continue to Set the Bar for Automating Revenue Recognition, Billing, and Compliance Processes
Canton, MA (Vocus) November 21, 2008 -- Softrax Corporation, a leading provider of enterprise revenue management and billing solutions, today announced the availability of Softrax Operations 8.5, Softrax Contrax 3.5, and Softrax Financials 8.5. These releases build on the company's long-standing commitment to providing leading solutions to automate critical revenue recognition and billing processes.
These solutions offer a cost-effective and highly efficient way for customers to integrate contract management, pricing, billing, revenue allocations and deferrals, expense accounting, renewals, and other accounting activities. These processes are particularly complex and labor intensive for companies in businesses such as: software (including SaaS), business process outsourcing (BPO), internet, information providers, research, and e-learning products and services.
"Companies in these and many other industries are finding that their business models are evolving faster than their financial infrastructures," said Gottfried Sehringer, vice president of marketing at Softrax. "Traditional ERP and Financials solutions were not designed to support the comprehensive functionality and flexibility such models require. With our most recent product releases Softrax continues to set the bar for automating even the most complex revenue recognition, billing and compliance processes."
Softrax Operations 8.5, Softrax Contrax 3.5, and Softrax Financials 8.5 deliver new and enhanced features to improve the way companies manage deferred revenue, maintenance renewals, and compliance-related security processes. As a result, customers gain greater flexibility and efficiency for managing maintenance renewals, creating templates, reporting by product line, filtering service detail, and managing security policies.
Availability and Pricing
All three products are shipping now. Pricing and additional information can be obtained by calling Softrax at 1.888.4.SOFTRAX.
About Softrax
Softrax Corporation is a leading provider of enterprise revenue management and billing software solutions that fundamentally change the way companies manage, analyze, report, and forecast their revenue. Softrax solutions automate the entire revenue cycle, from revenue recognition, reporting and forecasting, through complex billing and contract renewals. Hundreds of corporations benefit from using Softrax to optimize their revenue, reduce operating expenses, comply with revenue recognition regulations and Sarbanes-Oxley requirements, and gain unprecedented visibility into their business performance. Softrax Corporation, headquartered in Canton, MA, is privately held. More information can be found at www.softrax.com, www.RevenueRecognition.com, or by calling 1.888.4SOFTRAX.
Note to editors: Softrax is a registered trademark of Softrax Corporation. Other company, brand and product names, and design work are the trademarks or registered trademarks of their respective owners.
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