Case Study: Solucient, LLC achieves streamlined invoicing and revenue management with Softrax

Consolidating Financial Data for Improved Control and Reporting

Solucient, LLC grew through a series of mergers and acquisitions, but its finance team was left juggling multiple spreadsheets and complex subscription, billing, and revenue recognition processes across 30 to 40 products. To regain control, Solucient turned to Softrax for help managing invoicing, contract administration, and revenue management.

Softrax implemented a system that centralized billing and revenue subledgers, automated complex invoicing, and standardized financial workflows across the department. The result was faster, more accurate invoicing, improved cash flow, reduced days sales outstanding, easier forecasting and reporting, and stronger audit readiness. Solucient also said Softrax had “paid for itself” through productivity gains and the ability to avoid filling invoicing positions as staff left.

Solucient, LLC

Jon Greifenkamp

VP Finance