Enterprise revenue recognition specialist SOFTRAX and MetraTech Corp. have announced a partnership to collaborate on billing and revenue management solutions for both traditional transactional and recurring revenue models. These solutions draw on both companies’ long-standing experience in these fields and automate customer acquisition, provide flexibility to handle a variety of pricing models, and improve renewals with easy access to a comprehensive 360-degree view of the business.
Together, MetraTech and SOFTRAX will automate quoting and contracts, billing and revenue recognition processes to support the increasingly complex needs of recurring revenue businesses, including established companies that are transitioning to a recurring revenue model but are still maintaining existing legacy clients. Joint customers will be able to minimize the cost of customer acquisition, identify opportunities for cross- and up-selling, and drive customer satisfaction with differentiated offers to increase renewals.