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Softrax, the leading provider of revenue recognition software, is fully compliant with new revenue recognition standard ASC 606 / IFRS 15. SOFTRAX Revenue Manager enables enterprise level companies the ability to easily manage their revenue recognition needs without the need for spreadsheets or custom code. Our revenue recognition software is a self-contained module that seamlessly integrates with existing systems to act as your revenue subledger. Revenue Manager automates even the most complex revenue recognition allocations, deferred revenue, carve-outs, scheduling and determination of Fair Value, Supports Significant Financing Component (Time Value of Money) and more.
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