RISI to Automate Revenue Management Processes with Softrax.Global Information Provider Selects Softrax to Automate Revenue Management for Subscription Business Model 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. -- Softrax Corporation, a leading provider of enterprise billing and revenue recognition solutions, today announced that RISI RISI Resource Information Systems Inc. RISI Residual InterSymbol Interference , the leading information provider for the global forest products industry, has selected Softrax to automate its revenue management. Specifically, RISI will implement a solution for customer contract management, with automated billing and revenue recognition processing. RISI offers subscriptions to a variety of information sources such as magazines, web newsletters, and online research services. Customers are typically billed in advance for the whole amount, creating a deferred revenue stream for virtually every line-item on a contract. "We were outsourcing our revenue recognition to a partner that was unable to manage all the complexities involved," said Bob Berg Bob Berg, (April 7, 1951 - December 5, 2002) was a jazz saxophonist originally from Brooklyn, New York City. He started his musical education at the age of six when he began studying classical piano. He began playing the saxophone at the age of thirteen. , CFO See Chief Financial Officer. . "In looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a way to bring these processes in-house and on-line, we found that Softrax delivers exactly the functionality we need to manage all revenue allocations and recognition automatically, no matter how simple or complicated the contract." "Due to the nature of subscription business models, information providers have unique challenges when it comes to revenue management," said Gottfried Sehringer, Vice President Marketing, Softrax. "Revenue schedules, allocation, and recognition have to be managed separately from billing. At the same time, accurate visibility into deferred revenue is critical to understanding how the business is doing. With our extensive experience automating revenue management, we are confident that Softrax will enable RISI executives to more effectively manage and grow the company." About RISI RISI is the leading information provider for the global forest products industry. The company works with clients in the pulp and paper, wood products, tissue and nonwovens industries to help them make better decisions. Headquartered in Bedford, Massachusetts Bedford is a town in Middlesex County, Massachusetts, United States. It is within the Greater Boston area, some 15 miles north-west of the city of Boston. The population of Bedford was 12,595 at the 2000 census. , RISI operates offices in Brussels, Belgium; Atlanta, Georgia; San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] ; Portland, Oregon; Sao Paulo, Brazil; Shanghai, China; Singapore; and Charlottesville, Virginia Charlottesville is an independent city located within the confines of Albemarle County in the Commonwealth of Virginia, United States, and named after Princess Sophia Charlotte of Mecklenburg-Strelitz, the wife of King George III of the United Kingdom. . More information can be found at http://www.risiinfo.com. About Softrax Softrax Corporation is a leading provider of enterprise billing and revenue management software solutions that fundamentally change the way companies manage, analyze, report, and forecast their revenue. Softrax solutions automate the entire revenue cycle, from complex billing and contract renewals, through revenue recognition, reporting and forecasting. Hundreds of corporations benefit from using Softrax to maximize their revenue, reduce operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , comply with revenue recognition regulations and Sarbanes-Oxley requirements, and gain unprecedented visibility into their business performance. Softrax Corporation, headquartered in Canton, MA is privately held. More information can be found at www.softrax.com, www.revenuerecognition.com, and by calling 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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