Case Study: Telestream streamlines revenue management with SOFTRAX

Telestream automates revenue processes and monthly reporting with Softrax

Telestream, a global leader in workflow automation and media processing, faced growing complexity in its revenue recognition and billing functions due to its rapid, multidecade growth. The accounting team was strained by manual processes, particularly the need for proportional allocations against Stand-Alone Selling Price (SSP). They sought to automate these processes and their monthly reporting, needing a solution that would integrate with their existing Microsoft Dynamics 365 ERP system. They turned to Softrax for its revenue management solution.

Softrax implemented a system that integrated seamlessly with Telestream's ERP. The solution automated the complex revenue recognition and reporting processes, eliminating manual work and giving the team greater control over reporting and high security standards. According to Controller Jennifer Fehrmann, Softrax transformed how the team works and provides a platform that will scale with Telestream as it introduces new billing models.

Telestream