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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

Description

TRAXX serves as a robust platform that streamlines the entire process from Procurement to Retirement, significantly enhancing Enterprise Asset Management. It encompasses various modules designed for vendor evaluation and onboarding, the procure-to-pay (p2p) process, fixed asset assignment and tracking, as well as asset audits, depreciation management, and e-waste retirement policies. Our offerings include the tagging and verification of fixed assets alongside conducting thorough asset audits. The p2r capabilities of TRAXX empower organizations to dramatically lower their expenses related to the acquisition and upkeep of fixed assets. By facilitating purchases from optimal suppliers at competitive prices, it also aids in identifying underutilized assets and monitoring those that may be lost or misplaced. Additionally, the platform keeps track of asset utilization and purpose. Vendors can be assessed and integrated into the system, while compliance-specific information is collected and managed effectively. Moreover, TRAXX allows for vendor evaluation and rewards, ensuring a competitive procurement environment. The full suite of p2p functions is available, covering everything from submitting purchase requests and conducting vendor auctions to order placement, goods receipt, and payment processing, thereby ensuring a seamless procurement experience. Furthermore, the platform’s comprehensive features promote a more efficient and organized approach to asset management within enterprises.

Description

The primary motivation for SAM audits is financial gain, with vendors aiming to generate 30% of their profits from these yearly evaluations. Consequently, the frequency of audits has increased, as evidenced by a Gartner survey indicating that 66% of companies have experienced audit requests. VeraTrust offers a comprehensive visual representation of the licensing landscape along with audit reports that facilitate reconciliation, assessment, and SAM self-audits. Beyond merely conducting audits, this process helps organizations regain authority over their software assets and harness the potential to turn inefficiencies into innovative solutions. VeraTrust utilizes a blockchain-based infrastructure to accurately track software license assets between customers and vendors, effectively minimizing audit disputes and compliance challenges. This access to blockchain records not only enhances the visibility of the licensing landscape but also enables the generation of detailed audit reports for thorough evaluation and self-assessment. Ultimately, this approach serves to thwart the occurrence of unanticipated hard audits imposed by software vendors, fostering a more transparent and manageable software compliance environment. By prioritizing effective license management, businesses can also focus on leveraging their software investments to drive growth and innovation.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
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) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

RCS Technologies

Founded

1991

Country

India

Website

www.rcssoft.com

Vendor Details

Company Name

LevelBlox

Founded

2008

Country

United States

Website

levelblox.com/veratrust/

Product Features

Fixed Asset Management

Asset Budgeting No 
Asset Lifecycle Management Yes 
Audit Trail Yes 
Barcoding / RFID Yes 
Depreciation Management Yes 
Disposal Management Yes 
Document Management No 
Inventory Tracking Yes 
Tax Management Yes 

IT Asset Management

Asset Tracking Yes 
Audit Management No 
Compliance Management No 
Configuration Management No 
Contract/License Management Yes 
Cost Tracking No 
Depreciation Management Yes 
IT Service Management No 
Inventory Management Yes 
Maintenance Management Yes 
Procurement Management No 
Requisition Management No 
Supplier Management Yes 

Product Features

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