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.
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.
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.
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.
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.
Most popular features of all Finance & Accounting apps
1 reviewers had the following to say about TRACT's features:
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.
It allowed us to launch very quickly our service without a team in place.
There were some use cases that were not covered for our specific market which required a more complex integration.
Time used: 2+ years
Frequency of use: Daily
Likelihood to recommend