Softrax Corporation
Latest round
- Series B
Last raised
- Aug 1999
Total raised
- $3.6M
Investors
- 4
About Softrax Corporation
Softrax Corporation, headquartered in Canton, US, focuses on automating revenue management processes. The company has not publicly disclosed any pivots in business strategy or changes in operations.7 mn.Softrax’s primary offering is the Revenue Management System (RMS), a comprehensive multi-tenant cloud platform designed to automate all facets of billing and revenue recognition. Released in 1999 and enhanced over the years, Softrax RMS serves a diverse client base that ranges from startups to Fortune 500 companies across various industries, including technology, healthcare, media, and manufacturing. The system addresses significant challenges in revenue management by integrating functionalities such as order management, contract renewal management, and sophisticated billing—specifically tailored for complex billing models including subscription, milestone, and consumption-based billing. Key end users encompass finance professionals and revenue managers who require compliance with revenue recognition standards like ASC 606 and IFRS 15, as well as real-time analytics to drive business decisions.Softrax generates revenue primarily through subscription-based licensing of its RMS platform, structured as a recurring revenue model that ensures ongoing support and updates for clients. The company’s transaction framework typically involves enterprise agreements with clients who leverage the platform to streamline billing and revenue recognition processes. These agreements may include various pricing tiers based on the size of the organization and the complexity of the billing structures they require. The RMS suite automates billing processes while ensuring compliance with accounting standards, facilitating a seamless end-to-end experience for users. Clients engage in transactions that may span multiple currencies and entities, underscoring the platform's capability to manage complex financial scenarios within international markets.7 mn received in December 2008 is expected to support the company's initiatives aimed at enhancing its RMS platform and possibly expanding its market presence. Softrax will likely focus on leveraging this investment to improve operational capabilities and explore new growth avenues.
Who invested in Softrax Corporation
4 investors across 1 round
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Funding rounds
Series B
Aug 9, 1999
Amount
$3.6M
Investors
Questions about Softrax Corporation
Who invested in Softrax Corporation?
Softrax Corporation has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Softrax Corporation raised?
Softrax Corporation has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Softrax Corporation last raise money?
Softrax Corporation's most recent round on record is a Series B, in Aug 1999.
What does Softrax Corporation do?
Softrax Corporation, headquartered in Canton, US, focuses on automating revenue management processes.
Where is Softrax Corporation headquartered?
Softrax Corporation is headquartered in Canton, US.
Which VCs invest in companies like Softrax Corporation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Softrax Corporation's stage. Their profiles are linked below.
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