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Ei Dynamics Block

Billing Solutions for Subscription, Transaction, and Usage Based Business Models

By Softrax - a division of AFS Financial Solutions

Current Version: n/a 
Product Description  



The real key to implementing a sophisticated billing solution is how tightly integrated it is with the current terms of your customer agreements. Contracts are the source for all the terms that govern how you bill your customers, track expenses and how you recognize the revenue you’ve earned.

Softrax was specifically designed to seamlessly integrate robust billing functionality with in-depth information about contracts and related records. This ensures your billing activity is always synchronized with the latest changes and amendments to a contract’s key elements. Softrax automatically generates billing schedules and manages transactions over the life of a customer relationship. Softrax also handles miscellaneous charges and contract changes that occur during a billing cycle with ease, and creates associated matching expenses, such as royalties, commissions, and unit costs to these items.

Powerful and flexible functionality gives you total control over subscription, transaction and usage billing models
- Consolidate multiple charges into a single bill
- Manage simple and complex billing schedules
- Multiple, customizable formats for bill presentation
- Automatically split bills across multiple bill-to addresses
- Distribute charges across multiple services
- Control discount activity on individual services

Manage Royalties, Commissions, and other additional expenses
- Create expenses based on percentages, fixed amounts, and unit rates
- Define the period over which an expense should be calculated
- Setup multiple expenses for each charge
- Automatically assign expenses to vendors, sales people, and products

Customize Billing to Your Customers’ Needs
- Easily manage prepayments:
- Ensure proper application of a prepayment against a contract
- Link prepayments to any associated services on the contract
- Create revenue schedules for prepayment
- Review, credit, and cancel prepayments

Revenue Accounting and Revenue Management
- Independently manage billing and revenue schedules
- Fully control revenue and expense general ledger account distribution at the time of contract creation
- Track unbilled and invoiced revenue and receivables activity
- Account for complex adjustments
- Automate journal entries for every billing and service activation event
- Simplify compliance with complex accounting standards

Sophisticated Pricing Models
- Easy rate table creation and ongoing modification
- Support for tiered volume discounts
- Easily implement variable pricing bands over the life of a contract
- Visibility into how time-dependent pricing affects future account profitability

Contact Information
Support: phone: 888-476-3872
Sales & Marketing: phone: 888-476-3872
Target Customer Profile:  

Download/Demo Available: Yes 
Average Price:   $30,000-99,999
(based on a single location: 1-5 users)
Target Business Size:   Medium ($1 - $25 million Revenue)
No. Installations: 100-500
Target Country(s):
United States
Target Industry(s): (Horizontal)
Certification Program: No
Implementation Services: Required
Avg. Implementation Period: 4-6 Months
Support Services: Context Sensitive Help within System
Knowledge Base - Internet
On-site Consulting
Person to Person Phone Support
Printed Manuals
ASP/Hosted Solution: No
Client Operating
Windows 2000
Server Operating
MS Internet Information Server
Windows 2000
Windows 2003
Development Tools: Other
Database(s) Supported: Microsoft SQL Server
User Interface: Windows
Web Browser
Customization: Yes
Industry Standards
Not Available
Business Functionality
General Classification: High-End Accounting
General Accounting (GL, AP, AR, CM)
- Accounts Payable
- Accounts Receivable
- Budgeting/Forecasting
- Cash Management
- Financial Statement Design
- General Ledger
- Multi-Currency
Medical Billing
- Patient Billing
Practice Management
- Time & Billing Integration
Project/Job Costing
- Budget Vs Actual Analysis
- Contract Billing
- Estimates
- Owner Contract Maintenance
- Subcontract Change Orders
- Subcontract Management
- Track Labor Costs
- Track Original Budget
Report Writer
- 3rd Party
Service Management
- Invoicing
- Job Tracking
- Maintenance Scheduling
- Service Billing
Time and Billing
- Accounts Receivable
Revenue Accounting
- Revenue Recognition
- Deferred Revenue
- Revenue Reporting
- Revenue Forecasting/Planning
- Sarbanes-Oxley Compliance
Other: Billing Software, Revenue Accounting, Revenue Management, Revenue Recognition
System Independence: Stand-a-Lone
Additional Information:  

This product integrates to the following other solutions...
Other solutions that integrate with this product...

Note: The vendor profile above for (Billing Solutions for Subscription, Transaction, and Usage Based Business Models
) is not written by Accounting Software 411. Information is provided and maintained by the vendor Softrax - a division of AFS Financial Solutions and/or by third party sources. Accounting Software 411 confirms basic company data prior to posting a profile. The above information is not a review or endorsement by Accounting Software 411 of the product.

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