CANTON, Mass. – February 4th, 2014– Aria Systems, expert in cloud-based recurring revenue management, and revenue recognition specialists SOFTRAX today announced that they have formed a partnership to augment and extend the life of existing Enterprise Resource Planning (ERP) systems and prepare them for the emerging subscription economy.
ERP systems are an essential piece of IT infrastructure for a majority of businesses, and represent one of the most significant investments a company can make. With the increasing popularity of recurring revenue business models that focus on subscription or consumption (pay as you go) pricing, users are discovering that these ERP platforms are unable to handle the inherent complexity associated with these business models. The combination of Aria Systems and SOFTRAX combines best of breed Recurring Revenue Management and Revenue Recognition applications that are able to plug into a business’s existing ERP solution, providing leading edge capabilities while avoiding a costly “rip and replace” exercise.
“There are those that have suggested ERP as we know it is dead, but when a company relies extensively on its ERP solution and has spent extensive time and money on building up that infrastructure, rip-and-replace approaches becomes extremely disruptive and expensive,” said Graham Hulme, Director of Product Management at SOFTRAX. “ERP augmentation is a powerful alternative that allows enterprises to enhance their systems and meet new needs while minimizing cost and risk.”
“The combination of Aria’s recurring revenue expertise and SOFTRAX’s revenue recognition experience gives clients a tremendous range of options,” said Rob van Es, SVP of Worldwide Sales and Business Development, Aria Systems. “Together, we can offer the solutions that help companies support flexible business models, allowing companies to leverage their existing ERP systems in conjunction with our solutions to grow and evolve their companies.”
Both companies are featured sponsors of the upcoming ProformaTECH Corporate Financial Technology conference, taking place at the Venetian Las Vegas on February 13th, 2014. More information on the event can be found at proformative.com.
About Aria Systems:
Aria Systems helps leading businesses connect their customers with the products and services they love. Aria was chosen by brand name companies such as Pitney Bowes, Experian, AAA NCNU, Red Hat, Ingersoll Rand, EMC, VMware, and HootSuite to evolve their company’s recurring revenue businesses while delivering outstanding customer experiences. More information can be found at www.ariasystems.com or by calling 415.852.7250.
SOFTRAX is a leading provider of revenue recognition solutions that fundamentally change the way companies manage, report, and forecast their revenue and cash. Corporations manage billions of dollars through 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. More information can be found at www.SOFTRAX.com or by calling 972.715.4028.