Case Study: Taxware streamlines revenue operations and boosts productivity with Softrax

Automating Deferred Revenue To Increase Productivity

Taxware, a First Data company, needed a better way to manage customer installation data, maintenance renewals, and later deferred revenue as the business grew. Before Softrax, the finance team relied on large spreadsheets and manual journal entries, which were time-consuming, error-prone, and left little time for analysis and planning.

Softrax implemented a centralized system to automate billing, renewals, and revenue recognition using deferred revenue schedules. With Softrax, Taxware eliminated deferred revenue spreadsheets, improved accuracy, and increased visibility into the business; the finance team saved between one and two weeks per month and could focus more on analysis, planning, and audit readiness.

Taxware

Annette Kovamees

Senior Accounting Manager