Softrax Lease Accounting

Freedom report

One barScore 5.2

Softrax Lease Accounting is ranked #40 of 56 in lease accounting software on Freedom251.

Compared on lease accounting software

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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