Softrax Lease Accounting

6.0easy start · #39of 56
in Lease Accounting Software

Softrax Lease Accounting is ranked #39 of 56 in lease accounting software on The Geeks Club.

Compared on lease accounting software

16Leases Lesson 17.9 iLeasePro Lesson 27.7 LeaseAccounting.app Lesson 37.6 Planon Lesson 47.1 LeaseLedger Lesson 56.9 Ledgerage Lesson 66.7

Product scope: SOFTRAX’s opened product pages describe RMS as an order management, billing, contract renewal management, and revenue recognition system; they do not state lease accounting features.
Billing: RMS supports subscription, consumption, one-time, and milestone billing models.
Revenue accounting: RMS’s revenue subledger conforms to ASC 606 and IFRS 15 and supports multiple currencies and entities.
Renewal management: RMS tracks pending renewals, allowed renewal upticks, and co-terminations with contract history.
Integrations: SOFTRAX says RMS integrates with more than 200 ERP systems and connects with CRM, CPQ, and other systems.
Cloud and controls: SOFTRAX describes RMS as a multi-tenant cloud platform with a secure, auditable, and controlled processing environment.
Security operations: SOFTRAX lists Microsoft Azure for cloud storage and data processing, Datto for backup solutions, and Snowflake for database SaaS hosting among its subprocessors.
Support: SOFTRAX lists product support at [email protected] and +1 617 778 2226.
Pricing: The opened SOFTRAX product page directs prospective customers to contact sales to schedule a 30-minute consultation and gives no price.
Company experience: SOFTRAX says it has over 25 years of experience in revenue management.

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