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SBN News SoftBrands to Standardize on Softrax for Global Revenue Management Infrastructure

CANTON, Mass.--(BUSINESS WIRE)--Softrax Corporation, a leading provider of enterprise billing and revenue management solutions, today announced that SoftBrands, Inc. (AMEX:SBN), a global supplier of enterprise application software for the manufacturing and hospitality industries, will deploy a full range of Softrax products to consolidate and automate its worldwide financial infrastructure. Specifically, SoftBrands will implement solutions for financial operations, contract management and billing, maintenance renewals, revenue recognition, business intelligence, and professional services automation.

With thousands of customers using its products in more than 100 countries, SoftBrands has established a global infrastructure for distribution, development, and support of enterprise software. SoftBrands is now standardizing on one financial infrastructure, universally deployed, with integrated functionality to manage all revenue processing and to provide uniform roll-ups across divisions to the corporate level.

According to SoftBrands CFO Gregg Waldon, “We have selected Softrax for their years of experience in the software industry and for the extensive functionality they provide to automate complex revenue recognition, billing and renewals processing. We’re confident that these capabilities will help us manage our worldwide business much more efficiently.”

“Software companies face unique challenges finding enterprise revenue systems that can handle all of their financial operations, including automation of maintenance renewals, revenue recognition, complex billing, business intelligence, and professional services,” said Softrax Vice President of Marketing, Gottfried Sehringer. “We look forward to working with SoftBrands and trust that our experience with hundreds of companies in similar situations will be an asset in the relationship.”

About SoftBrands

SoftBrands, Inc. is a leader in providing software solutions for businesses in the manufacturing and hospitality industries worldwide. The company has established a global infrastructure for distribution, development and support of enterprise software, and has approximately 5,000 customers in more than 100 countries actively using its manufacturing and hospitality products. SoftBrands, which has nearly 900 employees, is headquartered in Minneapolis, Minn., with branch offices in Europe, India, Asia, Australia and Africa. Additional information can be found at www.softbrands.com

About Softrax

Softrax Corporation is a leading provider of enterprise billing and revenue management software solutions that fundamentally change the way companies manage, analyze, report, and forecast their revenue. Softrax solutions automate the entire revenue cycle, from complex billing and contract renewals, through revenue recognition, reporting and forecasting. Hundreds of corporations benefit from using Softrax to maximize their revenue, reduce operating expenses, comply with revenue recognition regulations and Sarbanes-Oxley requirements, and gain unprecedented visibility into their business performance. Softrax Corporation, headquartered in Canton, MA is privately held. More information can be found at www.softrax.com, at www.revenuerecognition.com or by calling 1.888.4SOFTRAX.

Note to editors: Softrax is a registered trademark of Softrax Corporation. Other company, brand and product names, and design work are the trademarks of registered trademarks of their respective owners.