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Softrax Revenue Manager: Revenue Recognition for ERP

By Softrax - a division of AFS Financial Solutions

Current Version: N/A 
 
Product Description  

 

MIRROR YOUR REVENUE RECOGNITION PROCESSES IN AN ENTERPRISE APPLICATION

Softrax Revenue Manager is the first and only software application that enables companies to manage revenue compliance, reporting, and forecasting in a single system—in concert with existing ERP, Business Intelligence and Compliance infrastructures. It enables companies to fully implement, monitor, and manage their revenue recognition policy on an enterprise-wide basis. It mirrors the corporate revenue policy in a single system, and controls all critical revenue processes, including: allocation, scheduling, recognition, compliance, reporting, and forecasting.

KEY BENEFITS
The consolidation of revenue recognition activities into a single application allows companies using Softrax Revenue Manager to:
* Lower their compliance risk
* Achieve more accurate and consistent revenue recognition
* Bring revenue into the normal close process
* Get faster and more flexible revenue recognition reporting
* Improve revenue recognition forecasting
* Gain new insight into future revenue streams


THE REVENUE COMPLIANT ENTERPRISE
Softrax Revenue Manager enables companies to systematically support compliance with complex revenue recognition accounting guidance, including EITF 00-21, SOP 81-1, SOP 97-2, SOP 98-9, SAB 101/ SAB 104. With Softrax Revenue Manager, revenue recognition processes are inherently auditable down to the line item level. As a result, the basis for compliance with guidelines from the SEC, FASB, and the Sarbanes-Oxley Act is built into the financial infrastructure.

CONSISTENCY AND ACCURACY ACROSS THE ENTERPRISE
Softrax Revenue Manager helps companies achieve a high degree of accuracy and consistency with their revenue recognition policy. It provides a comprehensive application and repository for all revenue processes, and eliminates manual tasks and disconnected processes. In addition, because far more granular data is available, audit processes are simplified, and reporting/forecasting activities are much more robust.

A ROBUST SOLUTION FOR MANAGING GLOBAL OPERATIONS
Softrax Revenue Manager excels when complex issues occur across multiple business models, corporate entities, and currencies. Revenue rules can be graphically designed making the revenue processes highly adaptable to new requirements and policy changes. The combination of a rules engine as well as industry standard workflow ensures that Softrax Revenue Manager can be adapted to a wide range of transactions. This flexibility allows complex revenue allocation and scheduling to be easily accommodated and maintained as your business changes.

LEARN MORE about how Softrax Revenue Manager can revolutionize your enterprise revenue processes today. Visit www.softrax.com.


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Note: The vendor profile above for (Softrax Revenue Manager: Revenue Recognition for ERP
) 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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