Softrax

Softrax, founded in 1999 and headquartered in the US, is a privately owned software company specializing in enterprise and telecoms software. With a team of 60 employees, the company focuses on automating complex billing and revenue recognition processes for businesses. Their solutions are designed to manage various billing models, including subscription and usage-based billing, while ensuring compliance with revenue accounting standards such as ASC 606 and IFRS 15. Softrax is a subsidiary of Telus.