Softrax Announces General Availability of Softrax Revenue Manager.Softrax Delivers First Enterprise Software Application to Manage Revenue Recognition in Concert with Existing ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. Systems 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 management solutions, today announced the general availability of Softrax Revenue Manager[TM], the only enterprise software application dedicated to managing revenue recognition processes within the financial IT infrastructure. Softrax Revenue Manager mirrors a company's revenue policy in a single system, and controls all critical revenue processes within existing ERP environments. By consolidating revenue recognition activities, the product provides a series of critical benefits, including lower compliance risk, more accurate and consistent revenue recognition, faster and more flexible revenue reporting, and unprecedented insight into future revenue streams. "Our research shows that many companies are still using manually intensive processes and spreadsheets to manage revenue reporting, despite the risk of error, lack of audit trail, and delay of the financial reporting process," said Kathleen Wilhide, Research Director, IDC. "Softrax Revenue Manager can help companies to reduce risk and optimize revenue reporting processes by providing a consolidated point of control over the entire revenue life cycle." "ERP systems are not designed to handle complex revenue recognition processes," said Robert O'Connor For the author of the same name see Robert O'Connor (author) Robert O'Connor (born 22 January, 1986) is an Irish singer/songwriter. Musical beginnings , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Softrax. "Softrax Revenue Manager is the only software application that adds advanced revenue recognition capabilities to existing enterprise infrastructures so that revenue reporting can be done more accurately and much faster. As a result, executives can have much better information for decision making, greatly improved vision into future performance, and higher confidence in their financial statements to investors." Softrax Revenue Manager's open architecture has been designed for seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. with other enterprise systems such as SAP, Oracle/Peoplesoft or Microsoft Business Solutions. It is built on the Softrax Services Oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. Architecture (Softrax SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. ) and includes an intuitive, user-friendly, AJAX (Web 2.0) user interface. The use of business process execution language (BPEL See WSBPEL. BPEL - Web Services Business Process Execution Language ) and business rules provides powerful administrative tools and allows for continuous adaptability a·dapt·a·ble adj. Capable of adapting or of being adapted. a·dapt  a·bil to
changes in revenue policy and business processes.
To learn more about what Softrax Revenue Manager can do for your business, please visit www.softrax.com/revenuerecognition or call us at 1.888.4SOFTRAX. About Softrax Softrax Corporation is a leading provider of enterprise revenue management and billing software solutions that fundamentally change the way companies manage, analyze, report, and forecast their revenue. Softrax solutions automate the entire revenue cycle, from revenue recognition, reporting and forecasting, through complex billing and contract renewals. Hundreds of corporations benefit from using Softrax to optimize 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, or by calling 1.888.4SOFTRAX. |
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