ARI Gears Up with Softrax Revenue Management Products
May 16 2006 - 1:51PM
PR Newswire (US)
Global Provider Chooses Softrax Solutions to Automate Worldwide
Financial Operations CANTON, Mass., May 16 /PRNewswire/ -- Softrax
Corporation, a leading provider of billing and revenue management
solutions, today announced that ARI (OTC:ARIS) (BULLETIN BOARD:
ARIS) , a leading provider of technology-enabled business solutions
that help equipment dealers build sales and profits, has signed on
to implement a full range of Softrax products. Specifically, ARI
will implement Softrax solutions for revenue management, complex
billing, renewal management, business intelligence, and
professional services automation. ARI provides a range of products
and services, including catalog publishing, marketing, consulting
and other electronic services to over 29,000 equipment dealers and
distributors operating in 89 countries. ARI has been using
customized systems in conjunction with another accounting software
package to manage all aspects of their complex financial
operations. But given the expansion of products and services
provided to an increasing number of customers, they felt it was
important to standardize on contemporary, commercially-available
software in order to increase efficiency and to enable better
decision-making through better information. "We found no other
products that could meet all of our requirements as well as Softrax
did," said Timothy Sherlock, Chief Financial Officer at ARI.
"Softrax solutions provide the depth of functionality required by
even our most challenging revenue management processes. Their
demonstrated ability to handle very complex bill preparation,
automatically track renewals, and accurately execute our revenue
recognition policy was fundamental to the selection. These
capabilities, along with their Business Intelligence software,
which provides a tool for forecasting and planning for the future,
made the decision to go with Softrax clear." "Softrax brings an
unparalleled depth of industry experience and financial expertise
to bear on the requirements of companies such as ARI," said
Gottfried Sehringer, Vice President of Marketing at Softrax. "We
are very pleased with their choice, and look forward to working
with them as a customer." About ARI ARI is a leading provider of
electronic parts catalogs and related technology and services to
increase sales and profits for dealers in the manufactured
equipment markets. ARI currently provides approximately 89 parts
catalogs (many of which contain multiple lines of equipment) for
approximately 72 equipment manufacturers in the U.S. and Europe.
Approximately 81,000 catalog subscriptions are provided through ARI
to more than 29,000 dealers and distributors in approximately 89
countries in a dozen segments of the worldwide equipment market
including outdoor power, power sports, ag equipment, recreation
vehicles, floor maintenance, auto and truck parts aftermarket,
marine and construction. The Company builds and supports a full
suite of multi-media electronic catalog publishing and viewing
software for the Web or CD and provides expert catalog publishing
and consulting services. ARI also provides dealer marketing
services, including technology-enabled direct mail, email and an
award-winning dealer website service that makes it quick and easy
for an equipment dealer to have a professional and attractive
website. In addition, ARI e-Catalog systems support a variety of
electronic pathways for parts orders, warranty claims and other
transactions between manufacturers and their networks of sales and
service points. ARI currently operates three offices in the United
States and one in Europe and has sales and service agents in
England and France providing marketing and support of its products
and services. 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 http://www.softrax.com/,
http://www.revenuerecognition.com/, and by calling 1.888.4 SOFTRAX.
DATASOURCE: Softrax Corporation CONTACT: Linda Wilson of Softrax
Corporation, +1-781-830-9308, Web site: http://www.softrax.com/
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