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SOFTRAX
Automation for complex billing and revenue processes
Table of Contents
SOFTRAX - 2026 Pricing, Features, Reviews & Alternatives
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SOFTRAX overview
What is SOFTRAX?
The SOFTRAX Revenue Management System helps enterprise-level companies comply with complex revenue recognition regulations and processes, with ASC 606 and IFRS 15 automation. The solution serves a variety of industries including technology, media, manufacturing, finance, energy, construction, transportation, and healthcare to increase visibility, improve efficiency, and manage risk.
The SOFTRAX Revenue Management System enables comprehensive revenue recognition reporting with customizable dashboards and graphical reports. Revenue that is on hold, recognized, or scheduled for the release can be reported in aggregate, month by month, or broken down by various data elements such as product, business unit, and customer to help organizations better understand revenue performance. SOFTRAX allows users to analyze ongoing and proposed businesses, helping to make critical decisions on customer contracts, pricing, discounts, bundling, or product introductions.
Features for compliance and audit support help systematize compliance with continuously up-to-date and documented revenue controls. SOFTRAX provides proactive enforcement for ASC 606 and IFRS 15. Users are able to review the full revenue process— from the initial quote, contract, or order, to the final revenue reporting, as well as conduct detailed analysis on several levels, such as product line, business unit, contract type, and market segment, account, and more.
Key benefits of using SOFTRAX
Users are provided with a full range of management and reporting options for a successful transition to ASC 606 and IFRS 15.
SOFTRAX's features for automation, control, and security help users manage all revenue recognition processes without the need for spreadsheets or customizations.
The solution is capable of handling the various changes and adjustments that occur to revenue after initial setup, including post-processing events and allocations.
Starting price
per month
Alternatives
with better value for money
SOFTRAX’s user interface
SOFTRAX reviews
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SOFTRAX's features
SOFTRAX alternatives
SOFTRAX
Starting from
420
Per month
Xero
Starting from
25
Per month
FreshBooks
Starting from
21
Per month
QuickBooks Enterprise
Starting from
2210
Per year
SOFTRAX pricing
Value for money rating:
Starting from
420
Per month
Usage Based
User opinions about SOFTRAX price and value
Value for money rating:
SOFTRAX integrations (6)
Top integrations
SOFTRAX support options
Typical customers
Platforms supported
Support options
Training options
SOFTRAX FAQs
SOFTRAX has the following pricing plans:
Starting from: $420.00/month
Pricing model: Subscription
These products have better value for money
Q. Who are the typical users of SOFTRAX?
SOFTRAX has the following typical customers:
Large Enterprises, Mid Size Business, Small Business
Q. What languages does SOFTRAX support?
SOFTRAX supports the following languages:
English
Q. Does SOFTRAX offer an API?
Yes, SOFTRAX has an API available for use.
Q. What other apps does SOFTRAX integrate with?
SOFTRAX integrates with the following applications:
Sovos, Avalara, NetSuite, Planview ChangePoint, SAP Business One, Salesforce Platform
Q. What level of support does SOFTRAX offer?
SOFTRAX offers the following support options:
Email/Help Desk, Phone Support, Knowledge Base