AdventNet Selects Revenue Management Solution from Softrax.Business Editors/High-Tech Writers CANTON Canton, cities, United States Canton. 1 City (1990 pop. 13,922), Fulton co., W central Ill., in the corn belt; inc. 1849. It is a trade and industrial center for a coal and farm area. 2 Town (1990 pop. 18,530), Norfolk co. , Mass.--(BUSINESS WIRE)--Jan. 6, 2003 Softrax' Solutions to Bring Automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. Contract Management, for Licensing and Recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. Billing, With Key Revenue Recognition Compliance, to Global Provider of Business Management Software Softrax, a leading provider of revenue management solutions for software, content and Internet companies, today announced that AdventNet, a global vendor of software and services that provide end-to-end business process management, will implement Softrax systems over the coming months. Using Softrax' products, AdventNet will be able to significantly streamline and consolidate its revenue management activities for an installed base of more than 750 companies. "In the current rapid growth phase of the Company, proper revenue management is even more of an imperative for us. We turned to Softrax because they were the only vendor with a powerful application that would provide the vital functionality required in a high-tech business like ours," said Steven Collard collard Headless form of cabbage (Brassica oleracea, Acephala group), in the mustard family. It bears the same botanical name as kale, differing only in that collard leaves are much broader, are not frilled, and resemble the rosette leaves of head cabbage. , Chief Financial Officer of AdventNet. "Key factors guiding the selection were the ability to automate To turn a set of manual steps into an operation that goes by itself. See automation. the manual, high volume and time-sensitive process of managing recurring billing and licensing contract renewals, and the capability to separately manage the related revenue recognition schedules." "We are extremely pleased to work with AdventNet, a global leader in facilitating rapid, standards (JMX JMX Java Management Extensions JMX Air Jamaica Express (ICAO code) JMX Jumbogroup Multiplex , SNMP (Simple Network Management Protocol) A widely used network monitoring and control protocol. Data are passed from SNMP agents, which are hardware and/or software processes reporting activity in each network device (hub, router, bridge, etc. , TL1 etc...) based management of business processes, applications and networks," said Gottfried Sehringer, vice president of marketing at Softrax Corporation. "AdventNet has been able to achieve impressive gains in the marketplace and at the same time is making revenue management a priority. By strengthening their financial infrastructure with Softrax' solutions, AdventNet will join the hundreds of other Softrax customers who realize greater efficiency in their operations, while identifying more timely opportunities for increased revenue, all within the framework of revenue recognition compliance and visibility into their revenue streams at any time. We are delighted to forge this new relationship with them." About AdventNet AdventNet, Inc., is a leading vendor of management software. For enterprises and software vendors (J2EE application A J2EE application or an enterprise application is any deployable unit of J2EE functionality. This can be a single J2EE module or a group of modules packaged into an EAR file along with a J2EE application deployment descriptor. server, EAI (Enterprise Application Integration) Refers to various techniques used to share data and business processes in large enterprises. When companies acquire another organization, disparate information systems have to be made to work together. middleware Software that functions as a conversion or translation layer. It is also a consolidator and integrator. Custom-programmed middleware solutions have been developed for decades to enable one application to communicate with another that either runs on a different platform or comes from a and others), it offers a suite of software and solutions empowering end-to-end management of business processes and applications. For networking and telecom management it offers massively scalable, carrier-grade management application server software for provisioning and management of networking infrastructure and services. AdventNet has a worldwide customer base of leading enterprises, application vendors, telecom equipment vendors, service providers, and systems integrators. AdventNet products enable superior solutions with a rapid time to market. AdventNet is headquartered in Pleasanton, California Pleasanton, nicknamed "P-town"<ref name="">Ptown (Pleasanton) Bike Advocates Meeting, East Bay Bicycle Coalition website, August 14, 2007, retrieved August 17, 2007, is a city in Alameda County, California and was incorporated in 1894. with offices worldwide and trained partners around the globe. It has about 400 employees and more than 750 customers worldwide. For more information call (925) 924-9500 or visit www.adventnet.com. About Softrax Softrax Corporation is a leading enterprise software company providing revenue management solutions that fundamentally change the way technology companies manage, analyze and predict their revenue streams. Expressly designed for the dynamic software, content and Internet sectors, Softrax' systems are the best products to meet the complex revenue management business requirements of these industries. Softrax delivers business-critical solutions to hundreds of customers. Headquartered in Canton, Mass., Softrax Corporation is privately held. Further information is available at www.softrax.com or 1.888. 4 SOFTRAX. Note to Editors: Softrax is a registered trademark of Softrax Corporation. Other company, brand and product names, and design work are the trademarks or registered trademarks of their respective owners. |
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