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Softrax company logo


Founded Year



Series C | Alive

Total Raised


Last Raised

$10M | 23 yrs ago

About Softrax

Softrax develops financial and ERP operations software for software and other information technology companies.

Headquarters Location

45 Shawmut Road 3rd Floor

Canton, Massachusetts, 02021,

United States


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Latest Softrax News

SOFTRAX Unveils Industry’s First and Only All-Inclusive Revenue Management System for Sophisticated Billing, Revenue Recognition, and Contract Management

Dec 8, 2022

Cloud-Based Platform Automates Complex Processes, Streamlines Billing, and Eases Revenue Recognition in One System SOFTRAX , a leading provider of cloud-based revenue management solutions, today announced the release of the SOFTRAX Revenue Management System (RMS), which provides the industry’s first and only combination of sophisticated order management, billing, contract renewal management, and revenue recognition software in one system. The SOFTRAX RMS supports one-time, milestone, subscription, consumption, and renewal billing to allow the swift roll-out of new billing models as well as ease the transition from legacy billing systems. The Platform offers one of the world’s most flexible and robust revenue recognition systems available, building on more than 20 years of revenue management excellence. With the SOFTRAX RMS, companies have a single-system approach to offer a variety of billing models and manage revenue recognition to allow transparency and ease compliance with standards like ASC 606 / IFRS 15. “Changes in regulation combined with new billing models have added pressure to an already complicated system of revenue accounting. Companies need a revenue management system that can keep pace” The SOFTRAX RMS launch comes as companies are offering more complex billing models — including consumption and subscription – while needing to keep ahead of revenue recognition requirements, as well as the disclosure reporting needs of ASC 606 / IFRS 15. Existing SOFTRAX clients handle complex milestone bill schedules, sometimes containing more than 100 milestones, many of which are contingent on a future event. They deal with multi-faceted subscription and consumption billing challenges, including having to incorporate minimums, tiering, overages, multi-product tiers, and all associated change events (pause, resume, cancel, credit, upsell, and downsell). Additionally, they manage complicated contract renewal requirements, such as accounting for allowable upticks, co-termination of contracts, and the continual tracking of contracts through all stages of renewal. Clients also handle the revenue recognition complexities of ASC 606 / IFRS 15, including the need to unbundle line items into multiple performance obligations, to determine and maintain Stand-alone Selling Prices (SSP) and proportionally reallocate order revenue against these SSPs. And, finally, clients are mitigating contract modifications and combinations and the need to revalue variable consideration and deal with material rights. The new SOFTRAX RMS combines all these capabilities into a single platform for revenue management. The SOFTRAX RMS draws on the company’s pioneering ‘Doubtless Revenue Accounting’ (DRA) to provide innovation in revenue accounting. DRA includes SOFTRAX’s core Policy Engine, which automates the assignment of billing and revenue recognition treatments, dramatically reducing the need for human touch. This is augmented by SOFTRAX Proactive Control, which provides a granular security/credentialing system, and SOFTRAX Audit Reports, which shine a light on changes made to existing policies and any manual changes made outside of the core policy-based processing. SOFTRAX operates in a continuous release environment, providing a frictionless upgrade path and ensuring agility for its business partners. The SOFTRAX RMS represents the next generation of functionality used in complex back offices such as 3M, Epicor, AEG, and Park Place. “Changes in regulation combined with new billing models have added pressure to an already complicated system of revenue accounting. Companies need a revenue management system that can keep pace,” said Tom Zauli, General Manager of SOFTRAX. “There is a tremendous opportunity to take automation, compliance, and business agility to a new level, and SOFTRAX is far down this path via our efforts in Doubtless Revenue Accounting. By offering powerful billing and revenue recognition capabilities in one system, SOFTRAX RMS offers a state-of-the-art means for optimizing management, compliance, and profitability.” Write in to to learn more about our exclusive editorial packages and programs.

Softrax Frequently Asked Questions (FAQ)

  • When was Softrax founded?

    Softrax was founded in 1995.

  • Where is Softrax's headquarters?

    Softrax's headquarters is located at 45 Shawmut Road, Canton.

  • What is Softrax's latest funding round?

    Softrax's latest funding round is Series C.

  • How much did Softrax raise?

    Softrax raised a total of $16.9M.

  • Who are the investors of Softrax?

    Investors of Softrax include Mid-Atlantic Venture Funds, Egan-Managed Capital, Walnut Ventures, Knickerbocker, Citizens Capital and 6 more.

  • Who are Softrax's competitors?

    Competitors of Softrax include Gotransverse.

Compare Softrax to Competitors

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Nitrobox creates, automates and optimizes financial processes for Fortune 500 multinationals and ambitious scale-ups.

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Gotransverse created the first-of-its-kind revenue operations software solution that drives inefficiencies out of the revenue stream across the entire business. Its agile SaaS solution provides automation, integration and insight across enterprise-wide revenue operations. Transverse enables companies to speed their financial close, prevent revenue leakage, reduce customer churn and increase profits, all of which maximizes shareholder value.

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MetraTech empowers organizations to embrace change through an agreements-based billing and compensation solution that models and supports fluid, personalized, multi-party agreements. The company automates business processes and business models to address rapidly changing or complex business strategies.

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Zuora ZUO (NYSE) offers a subscription relationship management platform to help businesses in any industry to launch or shift products for subscription, implement new pay-as-you-go pricing and packaging models, gain new insights into subscriber behavior, open new revenue streams, and disrupt market segments to gain a competitive advantage. The company was founded in 2008 and is based in San Mateo, California.

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jBilling provides a robust, secure, open source alternative for enterprise billing, helping companies deploy and maintain billing solutions to meet business needs. With a flexible plug-in architecture, the software can be configured to accommodate a range of billing scenarios, including subscriptions, pre-payments with credit cards, complex pricing, and more. jBilling is available in several different editions tailored to meet specific business needs, including jBilling Telco Edition, a new solution being released today that offers both a SaaS version that can be used in the cloud, and a downloadable version that can be installed and configured on site. Users can also choose jBilling Community Edition, a version that can be downloaded for free. In October 2012, jBilling was acquired by AppDirect. The valuation of jBilling was undisclosed. Other terms of the deal were not released.

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