Softrax
25 Case Studies
A Softrax Case Study
Tumbleweed, a provider of email security and identity validation solutions, struggled with fragmented financial data spread across two enterprise systems and dozens of spreadsheets. This made revenue recognition, maintenance renewals, and reporting highly manual, time-consuming, and difficult to control, prompting the company to bring in Softrax to improve visibility, flexibility, and compliance.
Softrax implemented a centralized financial repository and automated key accounting workflows for deferred revenue, contract management, renewals, and revenue recognition. As a result, Tumbleweed eliminated spreadsheets and manual reconciliations, cut data entry time by half, reduced days to close, improved report accuracy and availability, and strengthened Sarbanes-Oxley compliance controls.
Tim Conley
CFO