Case Study: 3M HIS achieves flexible, integrated revenue management with SOFTRAX

3M HIS - Customer Case Study

3M HIS, a division of 3M and a leader in healthcare information systems, needed a new billing and contract renewal management system that could keep up with business growth, acquisitions, and changing revenue recognition requirements. After evaluating options, 3M HIS selected Softrax to support its evolving billing and revenue management needs.

Softrax implemented its revenue management solutions, including SOFTRAX Operations, SOFTRAX RMS for revenue recognition, and SOFTRAX Contrax for subscription and consumption-based billing. The result was a flexible, integrated platform that helped 3M HIS handle ASC 606 requirements, accelerate implementation time, protect revenue through contract renewal automation, and maintain strong financial controls while avoiding added headcount.

3M HIS

John Mathison

VP of Operations