SOFTRAX Revenue Management System
rms.softrax.com
What it is
SOFTRAX Revenue Management System (RMS) is a multi-tenant cloud application for automating billing and revenue recognition in businesses with complex revenue processes. It supports subscription, usage-based, one-time, and milestone billing. Its revenue subledger addresses ASC 606 and IFRS 15, including contract modifications and variable consideration, and supports accounting across multiple currencies and entities. RMS tracks renewals, pending renewal notifications, allowed price increases, co-terminations, and contract history. Reports and dashboards cover billing and revenue recognition, with raw data extracts available to download. APIs and a workflow engine can import customers, products, contracts, orders, invoices, usage records, and credit memos; the engine can validate batches and send error notifications by email. SOFTRAX says the system integrates with more than 200 ERP and financial systems and can connect to ERP, CRM, and CPQ platforms. Granular controls govern who can view or edit transactional data and recognition policies. RMS is presented for organizations from early-stage businesses to Fortune 500 companies. Pricing is on request; the vendor invites prospective customers to schedule a demo or consultation.
Spec sheet
- Purpose
- SOFTRAX RMS automates billing and revenue recognition for companies managing complex revenue processes.Read 4 Oct 2026 · rms.softrax.com
- Intended users
- The product is presented for businesses ranging from early-stage companies to Fortune 500 companies.Read 4 Oct 2026 · rms.softrax.com
- Integrations
- The site says RMS integrates with existing CRM, CPQ, home-grown, and other systems, and acts as a bolt-on to over 200 ERP systems.Read 4 Oct 2026 · rms.softrax.com
- Headquarters
- Boise, Idaho, United StatesRead 28 Sep 2026 · rms.softrax.com
- Founded
- 1999Read 28 Sep 2026 · rms.softrax.com
- Analytics
- Its analytics provide real-time revenue data, contract states and history, and change events.Read 4 Oct 2026 · rms.softrax.com
- API and workflow
- RMS provides APIs and a workflow engine that can import transactional and configuration data, validate batches, and send emailed error notifications.Read 4 Oct 2026 · rms.softrax.com
- Billing models
- It supports subscription, consumption or usage-based, one-time, and milestone billing.Read 4 Oct 2026 · rms.softrax.com
- Cloud delivery
- The product is described as a multi-tenant cloud application.Read 4 Oct 2026 · rms.softrax.com
- Cloud platform
- RMS is described as a multi-tenant cloud platform.Read 4 Oct 2026 · rms.softrax.com
- Contract renewals
- RMS tracks contract renewals, pending renewal notifications, allowed price increases, and co-terminations.Read 4 Oct 2026 · rms.softrax.com
- Intended customers
- The site says RMS serves companies from startups and early-stage businesses to multi-billion-dollar enterprises and Fortune 500 companies.Read 4 Oct 2026 · rms.softrax.com
- Pricing availability
- The RMS pages reviewed direct prospects to schedule a demo or consultation and do not state a price.Read 4 Oct 2026 · rms.softrax.com
- Renewals
- RMS tracks contract renewals, notifies users about pending renewals, and manages co-terminations with contract history.Read 4 Oct 2026 · rms.softrax.com
- Revenue recognition
- Its revenue subledger conforms to ASC 606 and IFRS 15 and supports accounting across multiple currencies and entities.Read 4 Oct 2026 · rms.softrax.com
- Revenue standards
- The revenue recognition features address ASC 606 and IFRS 15, including contract changes and variable consideration.Read 4 Oct 2026 · rms.softrax.com
- Security and controls
- SOFTRAX describes RMS as a secure, auditable, and controlled environment for processing complex revenue.Read 4 Oct 2026 · rms.softrax.com
- Security controls
- The revenue recognition page describes granular settings to control who can view and edit transactional data and recognition policies.Read 4 Oct 2026 · rms.softrax.com
- Support and sales
- The site invites prospective customers to contact [email protected] to schedule a 30-minute consultation.Read 4 Oct 2026 · rms.softrax.com
- Support contact
- SOFTRAX lists [email protected] and +1 617 778 2226 for SOFTRAX product support inquiries.Read 4 Oct 2026 · softrax.com
- Workflow and data
- The workflow engine can automate workflows and import customers, products, contracts, orders, invoices, usage records, and credit memos.Read 4 Oct 2026 · rms.softrax.com
Strong points and limits
Strong points
- Supports subscription, usage, one-time, and milestone billing.
- Addresses ASC 606 and IFRS 15.
- Tracks renewals and co-terminations.
- Imports data through APIs and workflows.
- Reports include downloadable raw data extracts.
Limits
- Pricing is available on request.
- The site directs prospects to a demo or consultation.
- The listed platforms are web and API.
Who it suits
RMS is intended for businesses managing complex billing and revenue recognition, from early-stage companies to Fortune 500 enterprises. Its support for multiple billing models, accounting standards, currencies, and entities may fit organizations with varied contracts and revenue processes.
Verdict
RMS covers multiple billing models, revenue standards, contract changes, and renewal tracking in a cloud application. Prospective customers need to request pricing and arrange a conversation with SOFTRAX.
Where Specifiction places it
- Revenue Recognition Software#22 of 297.0
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