TRACT Pricing, Features, Reviews & Comparison of Alternatives

TRACT

Billing and revenue management platform for XaaS and IoT

4.0/5 (1 review)

TRACT overview

What is TRACT?

If you can measure it, we can monetize it. TRACT is a multi-tenant, SaaS platform that supports any combination of one-time, subscription, and usage-based offerings with near real-time metering, rating and native revenue recognition. This allows companies the ability to A/B test offers continuously to determine the right packaging mix to optimize revenue with maintaining stringent compliance requirements such as PCI and full revenue recognition audit trails.

Rich API libraries extend life-time value of existing technologies such as ERP, CRM, payment gateways, etc. Our customers include technology-focused in cloud solutions, digital entertainment and media, Internet of Things (IoT), Machine-to-Machine (M2M), logistics and hosting/managed services; Fast time-to-market, visibility into revenue streams and top-line revenue growth.

Pricing

Pricing options
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Canada, United Kingdom, Australia, Germany

Supported languages

English
TRACT: Cloud-based, Internet-Scale Billing and Revenue Automation Platform

TRACT user reviews

Excellent
0
Very good
1

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  4.0
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Anonymous

Gotransverse for subscription billing

Used daily for 2+ years
Reviewed 2019-10-29
Review Source: Capterra

Once the initial configuration was in place, the maintenance is low and the stability of the system is high. It allows multiple configuration options that cover most of the use cases out of the box.

Pros
It allowed us to launch very quickly our service without a team in place.

Cons
There were some use cases that were not covered for our specific market which required a more complex integration.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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TRACT pricing

Pricing options
Subscription
View Pricing Plans

TRACT is a true multi-tenant SaaS platform, thus offered as a subscription only.
Simple business models through complex machine to machine integrations and usage based billing all supported. Call for details.

TRACT features

API

Accounting Integration (179 other apps)
Accounting Management (200 other apps)
Activity Dashboard (252 other apps)
Audit Trail (150 other apps)
Automatic Notifications (178 other apps)
Billing & Invoicing (202 other apps)
Compliance Management (208 other apps)
Customizable Reporting (177 other apps)
Data Import/Export (199 other apps)
Electronic Payments (185 other apps)
Expense Tracking (171 other apps)
Financial Analysis (145 other apps)
Invoice Management (248 other apps)
Invoice Processing (162 other apps)
Multi-Currency (177 other apps)
Real Time Data (157 other apps)
Reporting & Statistics (289 other apps)
Third Party Integration (234 other apps)
Workflow Management (168 other apps)

GetApp Analysis

When most people hear the term “subscription billing”, they think of recurring payment cycles and monthly pricing plans. TRACT is a cloud-based platform that goes beyond the basics, relying on proven technology and utilizing a business model that generates lifetime value from customers through automated billing and native revenue recognition. TRACT is an advanced billing and subscription platform that supports the most complex subscription needs at a fraction of the cost of traditional, on-premise solutions.

TRACT supports the monetization of any combination of one-time, subscription, and usage-based offerings. The platform utilizes real-time metering, rating, and native revenue recognition. Other important features include order-to-lifecycle management, usage-based billing, customized invoicing, payments, collections, revenue assurance, reporting, forecasting, revenue allocation, and fully-native revenue recognition.

Developed to meet the needs of teams in digital industries, TRACT is used primarily by technology-focused, in-cloud solutions. TRACT is also used by digital entertainment and media, Internet of Things (IoT), machine-to-machine (M2M), logistics, and hosting services.


What is TRACT?

TRACT was designed to help organizations go to market faster and manage their revenue more effectively. The platform offers Internet-scale full and adjunct billing and product catalog management, and it is entirely cloud-based.

Rather than focusing exclusively on simple subscription billing software, TRACT enables some of the most innovative organizations in the world to define their own product and billing scenarios and recognize revenue through configurable sub-ledgers. Organizations using TRACT can also meter and bill based on their clients’ consumption of products and services.


Who is TRACT For?

  • Experience level: All experience levels
  • Industry: Technology, digital entertainment and media, IoT, M2M, logistics, hosting/managed services.
  • Business size: All business sizes
  • Departments/roles: Sales, accounting, product marketing, product management, and customer service
  • Budget/point: All budgets
  • Example customers: Demandware, Crawford Media Services

Main Features

Advanced Subscription Tools

TRACT goes beyond simple recurring payments, with advanced subscriptions tools that involve rating, metering, scheduled charges, tiered, tapered, bundled, and usage-based billing. TRACT uses proven technology to power its subscription features.

With TRACT, you can set rules for rate plans, rollovers, balances, and allowances. You can also set up usage-based charges, which may be applied to specific events, and process your subscribers’ authorization and provisioning requests in real-time.

Usage & Metering

TRACT has leveraged advanced technology to parse and process billions of transactions from disparate systems. Once they’re processed, these transactions are then distilled into billable events as quickly as TRACT receives them. Users can manage the entire order-to-cash lifecycle. This includes offers, orders, usage-based billing, customized invoicing, payments, collections, entitlements, revenue assurance, forecasting, revenue allocation, and contracting.

In addition to usage-based charging, TRACT supports other sophisticated methods of charging. Multi-element pricing includes rating, metering, scheduled charges, tiers, tapered, and bundled.

Customer Management

Having easy access to subscriber data allows account representatives to quickly take care of customer requests and concerns. TRACT puts customer information at the forefront, with role-based rules that account representatives can use to access past orders, customer accounts, activity and usage details, invoices, payments, and complete service histories.

With TRACT’s customer management features, you’re able to seamlessly collect payments for charges from subscribers, and update subscriptions based on customer requests. You can also add, edit, or delete account details. TRACT supports multiple bill and ship contacts.

CRM Integration

Using a library of REST and SOAP APIs, TRACT enables the integration of disparate systems associated with accounts receivables.

TRACT comes with pre-integrated connectors for major ERP, CRM, and payment processors. You can use these to shorten implementation times.

Custom Dashboards & Analytics

TRACT offers configurable user dashboards, which come with built-in analytics tools. These tools offer real-time visibility, and they provide users with detailed information about revenue streams.

Take advantage of the custom dashboards that TRACT provides and explore data with incredible detail. Data is available within minutes of activities being recorded. You also have the option to schedule the automatic delivery of key reports.


Integrations

TRACT was designed to extend existing platforms, not replace them. The cloud-based platform molds to existing processes, rather than rewriting them. As a result, TRACT has advanced integration capabilities. TRACT offers a library of REST and SOAP APIs, which connect to ERPs and CRMs. Among the ERPs and CRMs that TRACT integrates with are Salesforce, SugarCRM, NetSuite, Microsoft Dynamics, Intacct, and QuickBooks.


Pricing

Organizations can contact TRACT’s sales department for pricing and quotes.


Bottom Line

  • Leverages advanced technology to process billions of transactions
  • Configurable user dashboards include built-in analytics tools
  • Scalable solution built for a broad market
  • Native accounts receivable sub-ledgers with the flexibility to support complex revenue recognition tools
  • Speeds up the time to cash while increasing visibility into revenue streams

Videos and tutorials

Additional information for TRACT

Key features of TRACT

  • Connected devices
  • Subscriptions with rating, usage, metering, entitlements
  • Business intelligence to understand usage
  • Dynamic revenue management
  • Entitlement & pre-paid business models
  • Built in analytics
  • Integrations
View All Features

Benefits

With TRACT, go beyond the simplicity of recurring payments and move your business quickly to business models that build customer lifetime value through segmentation and micro-segmentation, entitlements, and caps that accommodate changes in customers’ circumstances, usage and preferences over time.

TRACT Supports Usage / Consumption - A usage/consumption business model allows a company to truly individualize its offerings, which results in higher revenues and a larger customer base. Implementing and managing these types of business models without a specialized system can be very complex and error prone.

TRACT Supports Entitlement / Pre-Paid – Pre-paid business models can have a big impact on a company’s bottom line. Cash flow is an obvious benefit, as the company gets paid upfront and the customer acquisition cost is typically lower

TRACT Supports Complex Subscriptions – In order to run a world-class subscription business, a company must be able to offer multiple subscription packages and be able to modify these packages as competitive forces dictate. Packages that allow a customer to enter at one price point and upgrade or change their subscriptions over time are essential.

TRACT Supports Connected Devices - It is projected that there will be 50 billion devices connected to the Internet by the year 2020. Connected devices present a significant market opportunity for monetization, as people become more and more familiar and comfortable with more sophisticated devices and technologies.