Telestream Selects the SOFTRAX Revenue Management System
SOFTRAX , a leading provider of cloud-based revenue management solutions, today announced that Telestream, the global leader in workflow automation, media processing, and video quality, has selected the SOFTRAX Revenue Management System (RMS).
- SOFTRAX , a leading provider of cloud-based revenue management solutions, today announced that Telestream, the global leader in workflow automation, media processing, and video quality, has selected the SOFTRAX Revenue Management System (RMS).
- Telestream is using SOFTRAX RMS to automate complex revenue recognition processes, meet ASC 606 and IFRS 15 mandates, and eventually streamline billing for services offerings.
- Telestream sought a solution to automate complex revenue recognition that included managing proportional allocations against Stand-Alone Selling Price (SSP).
- “The company wanted a revenue management system that would give it the automation it needed and allow it to grow for new business models, and they found both with SOFTRAX.”
The SOFTRAX Revenue Management System offers a single platform to manage all forms of billing, contract renewal, and revenue recognition.