SOFTRAX Revenue Management System
Ranked in Revenue Recognition Software ·No free plan on record
About
SOFTRAX Revenue Management System (RMS) is a multi-tenant cloud application for automating billing and revenue recognition in organizations 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 changes and variable consideration, with 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, and users can download raw data extracts. APIs and a workflow engine import transactional and configuration data, validate batches and send error notifications by email. The workflow can handle customers, products, contracts, orders, invoices, usage records and credit memos. SOFTRAX says RMS connects with more than 200 ERP and financial systems and can work with ERP, CRM and CPQ platforms. Granular controls govern who can view or edit transactional data and recognition policies. SOFTRAX presents the product for businesses from early-stage companies to Fortune 500 enterprises. Pricing is available on request; the site invites prospects to schedule a demo or consultation.
Who it is for
RMS suits businesses with complex billing arrangements and revenue recognition needs across contracts, currencies or entities. It is presented for organizations ranging from early-stage companies to large enterprises.
What is good
- Supports four billing models.
- Addresses ASC 606 and IFRS 15.
- Tracks renewals and co-terminations.
- Offers APIs and configurable workflow automation.
- Vendor lists more than 200 ERP and financial system integrations.
What to know first
- Pricing is available on request.
- A demo or consultation is offered instead of a listed price.
Verdict
RMS brings billing, revenue recognition, renewal tracking and data workflows into a multi-tenant cloud application. Prospective customers need to contact SOFTRAX for pricing and a consultation.
Compared on revenue recognition software
- Revenue standards
- bothrms.softrax.com
- Allocation methods
- ssprms.softrax.com
- Performance obligations
- Yesrms.softrax.com
- Contract modifications
- Yesrms.softrax.com
- ERP integrations
- Microsoft Dynamicsrms.softrax.com
Facts
- Purpose
- SOFTRAX RMS automates billing and revenue recognition for companies managing complex revenue processes.rms.softrax.com · 4 Oct 2026
- Cloud delivery
- The product is described as a multi-tenant cloud application.rms.softrax.com · 4 Oct 2026
- Billing models
- It supports subscription, consumption or usage-based, one-time, and milestone billing.rms.softrax.com · 4 Oct 2026
- Contract renewals
- RMS tracks contract renewals, pending renewal notifications, allowed price increases, and co-terminations.rms.softrax.com · 4 Oct 2026
- Analytics
- Its analytics provide reports and dashboards for billing and revenue recognition data, and allow raw data extracts to be downloaded.rms.softrax.com · 4 Oct 2026
- Integrations
- The vendor says RMS integrates with more than 200 ERP and financial systems and can connect with ERP, CRM, and CPQ platforms.rms.softrax.com · 4 Oct 2026
- API and workflow
- RMS provides APIs and a workflow engine that can import transactional and configuration data, validate batches, and send emailed error notifications.rms.softrax.com · 4 Oct 2026
- Security controls
- The revenue recognition page describes granular settings to control who can view and edit transactional data and recognition policies.rms.softrax.com · 4 Oct 2026
- Intended users
- The product is presented for businesses ranging from early-stage companies to Fortune 500 companies.rms.softrax.com · 4 Oct 2026
- Pricing availability
- The RMS pages reviewed direct prospects to schedule a demo or consultation and do not state a price.rms.softrax.com · 4 Oct 2026
- Support contact
- SOFTRAX lists [email protected] and +1 617 778 2226 for SOFTRAX product support inquiries.softrax.com · 4 Oct 2026
- Cloud platform
- RMS is described as a multi-tenant cloud platform.rms.softrax.com · 4 Oct 2026
- Revenue recognition
- Its revenue subledger conforms to ASC 606 and IFRS 15 and supports accounting across multiple currencies and entities.rms.softrax.com · 4 Oct 2026
- Renewals
- RMS tracks contract renewals, notifies users about pending renewals, and manages co-terminations with contract history.rms.softrax.com · 4 Oct 2026
- Workflow and data
- The workflow engine can automate workflows and import customers, products, contracts, orders, invoices, usage records, and credit memos.rms.softrax.com · 4 Oct 2026
- Security and controls
- SOFTRAX describes RMS as a secure, auditable, and controlled environment for processing complex revenue.rms.softrax.com · 4 Oct 2026
- Intended customers
- The site says RMS serves companies from startups and early-stage businesses to multi-billion-dollar enterprises and Fortune 500 companies.rms.softrax.com · 4 Oct 2026
- Support and sales
- The site invites prospective customers to contact [email protected] to schedule a 30-minute consultation.rms.softrax.com · 4 Oct 2026
Company
- Founded
- 1999rms.softrax.com · 28 Sept 2026
- Headquarters
- Boise, Idaho, United Statesrms.softrax.com · 28 Sept 2026
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Where it ranks on Inferse
Sources
- rms.softrax.com· checked 4 Oct 2026
- rms.softrax.com/products/analytics/· checked 4 Oct 2026
- rms.softrax.com/products/revenue-recognition-software/· checked 4 Oct 2026
- rms.softrax.com/products/workflow/· checked 4 Oct 2026
- softrax.com/contact/· checked 4 Oct 2026