The SOFTRAX Revenue Management System - Renewal Management Overview

For the majority of companies, contract renewals drive the greatest share of revenue, making the contract management process essential for continued growth and to avoid lost revenue. The SOFTRAX Revenue Management System (RMS) offers the industry’s most robust contract renewals functionality that works actively with even the most complex contracts and renewal processes. Contract renewal billings happen on time and for the appropriate revenue amount, including upticks and changes in the renewal rate. SOFTRAX RMS also allows businesses to provide a timely and clear communication channel on renewals to the customer. Most importantly, SOFTRAX RMS makes sure that companies do not miss out on revenue from contract renewals. SOFTRAX has more than 20 years of experience in providing billing and revenue recognition solutions enabling us to offer the industry’s most comprehensive features. Our legacy gives us an in-depth understanding of customer needs, pain points, and areas of growth across a number of industries. Visit our website for more information or to request a customized demo: https://www.softrax.com #softrax #revenuemanagement #billing #contractrenewal #revenuerecognition #renewalmanagement