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PureSafety Selects Softrax to Automate Complex Revenue Management Processes

Posted on: Tuesday, 25 April 2006, 15:00 CDT

CANTON, Mass., April 25 /PRNewswire-FirstCall/ -- Softrax Corporation, a leading provider of enterprise revenue management solutions, announced today that PureSafety, the leading provider of online safety training and risk management solutions, has selected Softrax to automate critical operational and financial processes, including: project management, revenue management, and financials.

"After a thorough review of the product, we felt that Softrax is the best solution available that allows us to streamline complex revenue management processes," said Todd Kinnane, Vice President of Finance and Controller at PureSafety. "Without the depth of functionality Softrax provides, we had to use numerous spreadsheets for key accounting tasks. Being able to manage our time entry, billing, and revenue recognition in Softrax without any extra effort is a big improvement."

PureSafety has multiple revenue streams from its product and courseware licensing, in addition to its professional services group that customizes solutions and training content. As a result, tracking billable hours by account is critical and revenue accounting is complicated. Softrax provides the infrastructure to efficiently capture time entry data and automatically perform complex billing and revenue calculations. As a result, customers will receive accurate bills on time; revenue will always be scheduled, allocated, and recognized in accordance with the revenue policy; and management will have more detailed views into key revenue drivers.

"Softrax brings the unparalleled expertise and deep functionality necessary to manage PureSafety's business processes," said Gottfried Sehringer, Vice President of Marketing at Softrax. "We are proud to provide PureSafety with a comprehensive solution that will help them more effectively manage and grow their business."

About PureSafety

PureSafety is the leading provider of online safety training and risk management solutions. Since 1999, PureSafety has been protecting and preserving a company's greatest asset -- its people. PureSafety understands that fostering a safe, healthy workforce improves productivity, lowers costs and builds the bottom line. With convenient, customizable training delivery and management options, the industry's widest selection of Internet-based EH&S courses, and a leading team of in-house course development experts, PureSafety makes improving your workplace simple and cost effective. To learn more, visit http://www.puresafety.com/ or call 888.202.3016.

About Softrax Corporation

Softrax Corporation is a leading provider of enterprise billing and revenue management solutions that fundamentally change the way companies manage, analyze, report and forecast revenue. Softrax solutions automate the entire revenue cycle, from complex billing and contract renewals, through to revenue recognition, reporting, and forecasting. Hundreds of corporations benefit from using Softrax to maximize revenue, reduce operating expenses, and comply with revenue recognition regulations and Sarbanes-Oxley requirements. Softrax Corporation, headquartered in Canton, MA is privately held. More information can be found at http://www.softrax.com/, http://www.revenuerecognition.com/, and by calling 1.888. 4 SOFTRAX.

Media Contact: Linda Wilson Softrax Corporation 781.830.9308 press@softrax.com

Softrax Corporation

CONTACT: Linda Wilson of Softrax Corporation, +1-781-830-9308,press@softrax.com

Web site: http://www.softrax.com/http://www.puresafety.com/http://www.revenuerecognition.com/

Source: PRNewswire-FirstCall

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