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.
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.