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SOFTRAX, Inc.

SOFTRAX is a market leader in revenue recognition automation software. Based in Canton, MA, SOFTRAX is a division of AFS Technologies Inc. and has been pioneering the automation of complex revenue management since the late 1990s. With over 800 successful deployments and zero failures, SOFTRAX is dedicated to producing software solutions that save finance departments time, cost, and risk, all by enabling a high level of back office automation.

www.softrax.com

Products/Services:

SOFTRAX Revenue Manager
  • Purpose-built revenue recognition software for companies seeking a solution that specifically addresses complex revenue recognition requirements (including ASC 606 & IFRS 15) not met by existing ERP systems
SOFTRAX Enterprise
  • A comprehensive platform for revenue recognition, order management, transaction and recurring billing, contract management, renewal management, and more.

Industries Served:

  • Software and SaaS
  • Media
  • Entertainment
  • Manufacturing
  • Professional Services

Client Testimonials

“We especially like the reduction in time needed to process deferments at the end of each month as a result of the improved automation and we are impressed by the accurate, error free, results that we have seen since the cutover.”

- Patricia Gilbert, Recorded Books

“We are adopting Softrax revenue manager for 606 because of several things, but mainly because the separation of order to cash versus order to revenue. And the Ability of 606 ability to do some of these synchronizing events with price books…We want to avoid that kind of risk of material misstatement or missing revenue due to timing or allocations of amounts.”

- Jeff Matthews, Director of Revenue and Contracts, Tyler Technologies
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