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SOFTRAX Revenue Management System
Boise, Idaho, United States
What it is
SOFTRAX Revenue Management System (RMS) is a multi-tenant cloud application for businesses managing complex billing and revenue recognition. It supports subscription, usage-based, one-time, and milestone billing, with a revenue subledger addressing ASC 606 and IFRS 15. The recognition features handle contract changes and variable consideration, and support accounting across multiple currencies and entities. RMS tracks renewals, pending renewal notices, allowed price increases, co-terminations, and contract history. Reports and dashboards cover billing and revenue recognition, with downloadable raw data extracts. APIs and a workflow engine can import business records, validate batches, and send error notices by email. SOFTRAX says RMS connects with more than 200 ERP and financial systems and can work with ERP, CRM, and CPQ platforms. Granular access settings govern who can view or edit transactional data and recognition policies. It is presented for organizations from early-stage companies to Fortune 500 businesses. The product is available on web and through an API; pricing is on request, and prospective customers can schedule a demo or consultation.
For and against
For
- Supports four billing models.
- Addresses ASC 606 and IFRS 15.
- Tracks renewals and co-terminations.
- Offers reports and raw-data downloads.
- Connects with more than 200 ERP and financial systems.
Against
- Pricing is available on request.
- The listed platforms are web and API.
The verdict
RMS brings billing, revenue recognition, renewal tracking, and reporting into a cloud application. Prospective customers must request pricing and arrange a consultation or demo.
Who it suits
RMS suits businesses that need to coordinate complex billing and revenue recognition across contracts, currencies, or entities. It may fit organizations ranging from early-stage companies to large enterprises.
On the record
- Analytics
- Its analytics provide real-time revenue data, contract states and history, and change events.rms.softrax.com · read 4 Oct 2026
- API and workflow
- RMS provides APIs and a workflow engine that can import transactional and configuration data, validate batches, and send emailed error notifications.rms.softrax.com · read 4 Oct 2026
- Billing models
- It supports subscription, consumption or usage-based, one-time, and milestone billing.rms.softrax.com · read 4 Oct 2026
- Cloud delivery
- The product is described as a multi-tenant cloud application.rms.softrax.com · read 4 Oct 2026
- Cloud platform
- RMS is described as a multi-tenant cloud platform.rms.softrax.com · read 4 Oct 2026
- Contract renewals
- RMS tracks contract renewals, pending renewal notifications, allowed price increases, and co-terminations.rms.softrax.com · read 4 Oct 2026
- Integrations
- The site says RMS integrates with existing CRM, CPQ, home-grown, and other systems, and acts as a bolt-on to over 200 ERP systems.rms.softrax.com · read 4 Oct 2026
- Intended customers
- The site says RMS serves companies from startups and early-stage businesses to multi-billion-dollar enterprises and Fortune 500 companies.rms.softrax.com · read 4 Oct 2026
- Intended users
- The product is presented for businesses ranging from early-stage companies to Fortune 500 companies.rms.softrax.com · read 4 Oct 2026
- Pricing availability
- The RMS pages reviewed direct prospects to schedule a demo or consultation and do not state a price.rms.softrax.com · read 4 Oct 2026
- Purpose
- SOFTRAX RMS automates billing and revenue recognition for companies managing complex revenue processes.rms.softrax.com · read 4 Oct 2026
- Renewals
- RMS tracks contract renewals, notifies users about pending renewals, and manages co-terminations with contract history.rms.softrax.com · read 4 Oct 2026
- Revenue recognition
- Its revenue subledger conforms to ASC 606 and IFRS 15 and supports accounting across multiple currencies and entities.rms.softrax.com · read 4 Oct 2026
- Revenue standards
- The revenue recognition features address ASC 606 and IFRS 15, including contract changes and variable consideration.rms.softrax.com · read 4 Oct 2026
- Security and controls
- SOFTRAX describes RMS as a secure, auditable, and controlled environment for processing complex revenue.rms.softrax.com · read 4 Oct 2026
- Security controls
- The revenue recognition page describes granular settings to control who can view and edit transactional data and recognition policies.rms.softrax.com · read 4 Oct 2026
- Support and sales
- The site invites prospective customers to contact [email protected] to schedule a 30-minute consultation.rms.softrax.com · read 4 Oct 2026
- Support contact
- SOFTRAX lists [email protected] and +1 617 778 2226 for SOFTRAX product support inquiries.softrax.com · read 4 Oct 2026
