Best Software for 2025 is now live!
View the Winners
SOFTRAX
Editedit
SOFTRAX
By Softrax
Show rating breakdown
3.8 out of 5 stars
See all 10 SOFTRAX reviews
Save to My Lists
Claimed
Claimed
This profile has been claimed by SOFTRAX, but it has limited features.
Do you work at SOFTRAX? Upgrade your plan to update branding and connect with profile visitors!

Top Rated SOFTRAX Alternatives

Subscript
(17)
4.9 out of 5
Visit WebsiteNew Tab
SponsoredYou’re seeing this ad based on the product’s relevance to this page. Sponsored content does not receive preferential treatment in any of G2’s ratings.
Sage Intacct
(3,617)
4.3 out of 5
NetSuite
(3,682)
4.0 out of 5
See all SOFTRAX Alternatives

SOFTRAX Reviews & Product Details

Editadmin
Verified User in Computer Software
AC
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SOFTRAX?

The deferred revenue calculation and amortization tables were critical to our organization. We invoiced in multiple currencies world wide that ability made our work much easier. Review collected by and hosted on G2.com.

What do you dislike about SOFTRAX?

The system could be a little clunky and moving from period to period could be difficult Review collected by and hosted on G2.com.

Recommendations to others considering SOFTRAX:

Softrax provides a clear breakdown of the revenue recognition calculations. The correct amortization of deferred revenue was critical to our organization, we would not have had confidence in that amortization without Softrax Review collected by and hosted on G2.com.

What problems is SOFTRAX solving and how is that benefiting you?

Confidence in our financials increased - the financials and records were easily auditable. We sold our software with the license and maintenance bundled, Softrax was able to provide us with clear revenue recognition. We sold through resellers and also direct to customers, softrax facilitated that process. Review collected by and hosted on G2.com.

Show More
Show Less
Helpful?
Share
Admin Approval Link

SOFTRAX Overview

Editedit
What is SOFTRAX?

The SOFTRAX Revenue Management System (RMS) is a powerful approach to revenue management. It is the world’s only system that combines best-in-class automation for one-time, milestone, subscription, consumption, and renewal billing and complex revenue recognition in a single solution to streamline the revenue management process. This single solution gives you the freedom to focus on more profitable analytical tasks. SOFTRAX delivers the only comprehensive solution that supports all forms of complex billing and revenue recognition in accordance with the new ASC 606 and IFRS 15 standards. This unique system drives a high level of automation to advance your back-office functionality toward continuous accounting. SOFTRAX RMS delivers the industry’s highest level of system-wide automation. This single solution seamlessly integrates with existing ERP, CRM, CPQ, or home-grown systems automating the flow of order and fulfillment data to trigger billing and revenue recognition. The system simultaneously accounts for exchange rate, tax, and payment data to ensure accurate and timely processing.

SOFTRAX Details
Discussions
SOFTRAX Community
Languages Supported
English
Show LessShow More
Product Description

SOFTRAX is a provider of industry-leading billing, revenue management, and accounting solutions that can transform the top and bottom line. The SOFTRAX Revenue Management System is the only solution that combines order management, best-in-class billing, contract renewal management, and complex revenue recognition capabilities in one system. With SOFTRAX, you can automate billing, streamline revenue recognition, and meet the demands of standards such as ASC 606 and IFRS 15.

Seller Details
Seller
Softrax
Year Founded
1999
HQ Location
Canton, MA
Twitter
@SoftraxCorp
321 Twitter followers
LinkedIn® Page
www.linkedin.com
58 employees on LinkedIn®
AC
Overview Provided by:
Anne Coyle

Recent SOFTRAX Reviews

Joshua O.
JO
Joshua O.Mid-Market (51-1000 emp.)
4.5 out of 5
"Helpful software"
Fundamental in the development of administration resources.
Read more
Fogarasi A.
FA
Fogarasi A.Small-Business (50 or fewer emp.)
3.5 out of 5
"Good helper"
Pur company was using this software for long Time, and itt easy the daily work around finance.
Read more
Jon T.
JT
Jon T.Mid-Market (51-1000 emp.)
4.5 out of 5
"Revenue Management"
Tracking of Deferred Revenue and managing renewal and subscriptions.
Read more

SOFTRAX Pricing

Custom Pricing
Starting at $420.00
Per Month
See SOFTRAX pricing
Security Badge
This seller hasn't added their security information yet. Let them know that you'd like them to add it.
0 people requested security information

SOFTRAX Media

SOFTRAX Demo - The SOFTRAX Revenue Management System
The SOFTRAX Revenue Management System is an all-in-one solution for all your revenue and billing processes.
SOFTRAX Demo - Eliminate ineffective work arounds
Eliminate ineffective work arounds and simplify your revenue management process.
Answer a few questions to help the SOFTRAX community
Have you used SOFTRAX before?
Yes

9 out of 10 Total Reviews for SOFTRAX

3.8 out of 5
The next elements are filters and will change the displayed results once they are selected.
Search reviews
Hide FiltersMore Filters
The next elements are filters and will change the displayed results once they are selected.
  • Company SizeExpand/Collapse Company Size Filter
  • User RoleExpand/Collapse User Role Filter
  • CategoryExpand/Collapse Category Filter
  • IndustryExpand/Collapse Industry Filter
  • RegionExpand/Collapse Region Filter
The next elements are filters and will change the displayed results once they are selected.
  • Sort By:
    G2 Sort
9 out of 10 Total Reviews for SOFTRAX
3.8 out of 5
  • Sort By:
    G2 Sort
9 out of 10 Total Reviews for SOFTRAX
3.8 out of 5
  • Sort By:
    G2 Sort
G2 reviews are authentic and verified.
Here's how.
Jon T.
JT
Advisor
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best about SOFTRAX?

Tracking of Deferred Revenue and managing renewal and subscriptions. Review collected by and hosted on G2.com.

What do you dislike about SOFTRAX?

The initial learning curve of how to set it up. I have found that many companies did not understand how to set it up. I found that some Softrax consultant were not proficient in their knowledge of Softrax. Review collected by and hosted on G2.com.

Recommendations to others considering SOFTRAX:

Thoroughly understand your revenue recognition needs and what systems it will integrate with and how. Review collected by and hosted on G2.com.

What problems is SOFTRAX solving and how is that benefiting you?

To move revenue recognition management away from excel and into a more secure system that is constantly being updated to changes in revenue recognition. Tracking of Deferred revenue and for billing of renewals. Review collected by and hosted on G2.com.

Show More
Show Less
Helpful?
Share
Admin Approval Link
Fogarasi A.
FA
Laboratory and Quality System manager
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SOFTRAX?

Pur company was using this software for long Time, and itt easy the daily work around finance. Review collected by and hosted on G2.com.

What do you dislike about SOFTRAX?

Sometime there was só long lag Time, and found some bugs too in the software. With updates I am sure these Will dissapear. Review collected by and hosted on G2.com.

What problems is SOFTRAX solving and how is that benefiting you?

Fast tax managing Review collected by and hosted on G2.com.

Show More
Show Less
Helpful?
Share
Admin Approval Link
Verified User in Information Technology and Services
EI
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SOFTRAX?

SOFTRAX has been effective in generating complex SaaS billings based on multiple types of price models to our customers. The use of tiered pricing models allowed for a great deal of customization to the pricing by the sales team. Review collected by and hosted on G2.com.

What do you dislike about SOFTRAX?

The version of SOFTRAX that we are using is hosted versus SaaS. It was very difficult to upgrade the couple of times we undertook that endeavor. The need to do old fashioned upgrades is the biggest negative, not the functionality. Review collected by and hosted on G2.com.

What problems is SOFTRAX solving and how is that benefiting you?

We have used both the Revenue Management module and Billing. We never found another Revenue Management system that could handle the complexities that SOFTRAX could. In addition, Billing with the flexibility of tiered price models solved our complex billing issues. Review collected by and hosted on G2.com.

Show More
Show Less
Helpful?
Share
Admin Approval Link
Joshua O.
JO
Social Media Manager
Management Consulting
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SOFTRAX?

Fundamental in the development of administration resources. Review collected by and hosted on G2.com.

What do you dislike about SOFTRAX?

There are not many things to improve actually. Review collected by and hosted on G2.com.

What problems is SOFTRAX solving and how is that benefiting you?

Billing and revenue management. Review collected by and hosted on G2.com.

Show More
Show Less
Helpful?
Share
Admin Approval Link
Pamela C.
PC
Project Revenue Manager
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SOFTRAX?

The functionality of the system is very user friendly and can handle very complex transactions, and the reporting tools are great. Review collected by and hosted on G2.com.

What do you dislike about SOFTRAX?

I really had no issues with the system. Review collected by and hosted on G2.com.

Recommendations to others considering SOFTRAX:

I am familiar with a few other revenue software, and would highly recommend Softrax over any of them particularly with the new revenue guidelines. Review collected by and hosted on G2.com.

What problems is SOFTRAX solving and how is that benefiting you?

Of course with the help of IT, I was able to help my team minimize steps by tweaking some of the system functions. Review collected by and hosted on G2.com.

Show More
Show Less
Helpful?
Share
Admin Approval Link
Verified User in Computer Software
UC
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SOFTRAX?

i like how i can manage revenue by saving my time and money on other products. Review collected by and hosted on G2.com.

What do you dislike about SOFTRAX?

it seems like softrack is heading to the right direction noting i like so far. Review collected by and hosted on G2.com.

What problems is SOFTRAX solving and how is that benefiting you?

it saves time and money Review collected by and hosted on G2.com.

Show More
Show Less
Helpful?
Share
Admin Approval Link
Lyle S.
LS
Tax Accountant
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SOFTRAX?

Not much to like as this software sucked. Review collected by and hosted on G2.com.

What do you dislike about SOFTRAX?

Not a popular product very hard to maneuver within the software. More excel data manipulation needed than what would have been preferred. Review collected by and hosted on G2.com.

What problems is SOFTRAX solving and how is that benefiting you?

Do not currently use softrax Review collected by and hosted on G2.com.

Show More
Show Less
Helpful?
Share
Admin Approval Link
Verified User in Computer Software
CC
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best about SOFTRAX?

The ability to run reports and leverage less experienced staff to maintain the system Review collected by and hosted on G2.com.

What do you dislike about SOFTRAX?

sometimes clunky with too many steps to get what you want, rigid in places Review collected by and hosted on G2.com.

Recommendations to others considering SOFTRAX:

Make sure to spend adequate time prior to implementation to fully assess needs and best options for use Review collected by and hosted on G2.com.

What problems is SOFTRAX solving and how is that benefiting you?

maintaining revenue schedules, tracking deferred and revenue assets, allocation of revenue to MEAs Review collected by and hosted on G2.com.

Show More
Show Less
Helpful?
Share
Admin Approval Link
Verified User in Computer Software
CC
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about SOFTRAX?

Very flexible based on your business model, Cloud based option, Review collected by and hosted on G2.com.

What do you dislike about SOFTRAX?

The billing section is not cutting edge and is not as powerful as many others on the market Review collected by and hosted on G2.com.

What problems is SOFTRAX solving and how is that benefiting you?

Eliminating spreadsheets, taking out manual efforts and simplifying processes Review collected by and hosted on G2.com.

Show More
Show Less
Helpful?
Share
Admin Approval Link

SOFTRAX Comparisons

Compare Zuora Revenue (formerly RevPro) vs. SOFTRAX
Compare Zuora Revenue (formerly RevPro) vs. SOFTRAX
SOFTRAXVSZuora Revenue (formerly RevPro)
Compare SOFTRAX ratings to similar products

Explore More

Google Cloud Translation API reviews
Best 3D Modeling Software
Discrete vs Continuous Data
Intent Data
Hybrid Workplace Trends in 2022
Automating HR with Robotic Process as a Service
Order Fulfillment
Types of Advertising
PCB Design Software
SOFTRAX