Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Organizations that operate on a project basis encounter a variety of complex accounting and financial reporting obligations, stemming from both internal dynamics and an increasingly demanding regulatory landscape. Within these organizations, project accounting often transcends various organizational structures and geographical locations, as matrix management necessitates adaptable project reporting solutions. Projects can vary greatly in duration, ranging from just a few days or weeks to several years, during which budgets are subject to numerous revisions. Furthermore, the challenges of regulatory compliance and the imperative for clear revenue recognition add additional pressure to the project accounting process. Balancing these diverse requirements through a unified accounting software system demands minimal administrative burden while maximizing flexibility, making it a formidable task for project-based organizations. Ultimately, success in this area can significantly enhance operational efficiency and financial accuracy.
Description
The SOFTRAX Revenue Management System (RMS) automates the full lifecycle of revenue recognition and revenue management, enabling companies to spend less time managing compliance and more time driving growth. Purpose-built for complex, high-volume environments, SOFTRAX RMS centralizes contract data, applies configurable revenue rules, and ensures accurate, audit-ready revenue outcomes across subscription, usage-based, and hybrid models. With SOFTRAX RMS, organizations gain the automation, control, and financial clarity needed to adapt to evolving pricing strategies while maintaining precision and confidence in their revenue.
API Access
Has API
No
API Access
Has API
Yes
Integrations
Aria
No
Avalara
No
Microsoft Dynamics 365
No
NetSuite
No
SAP Business One
No
Salesforce
No
Sovos
No
Thomson Reuters ONESOURCE
No
Integrations
Aria
Yes
Avalara
Yes
Microsoft Dynamics 365
Yes
NetSuite
Yes
SAP Business One
Yes
Salesforce
Yes
Sovos
Yes
Thomson Reuters ONESOURCE
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$420.00/month
Pricing starts at $420.00 per month based on usage. Contact SOFTRAX for detailed pricing information.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
Yes
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
Epicor Software
Founded
1972
Country
United States
Website
www.epicor.com/en-us/industry-productivity-solutions/modules/planning-and-scheduling/project-accounting/
Vendor Details
Company Name
SOFTRAX
Founded
1999
Country
United States
Website
www.softrax.com
Product Features
Accounting
Accounts Payable
No
Accounts Receivable
No
Bank Reconciliation
No
Billing & Invoicing
No
CPA Firms
No
Cash Management
No
Cryptocurrency Support
No
Expense Tracking
No
Fixed Asset Management
No
Fund Accounting
No
General Ledger
No
Government
No
Multi-Currency
No
Nonprofits
No
Payroll Management
No
Project Accounting
No
Purchase Orders
No
Tax Management
No
Product Features
Revenue Management
Competitor Analysis
No
Dynamic Pricing
Yes
For Airlines
No
For Hospitality Industry
No
Forecasting
Yes
Inventory Control
No
Price Optimization
Yes
Recommendation Engine
No
Yield Management
No