TRACT

TRACT

Billing and revenue management platform for XaaS and IoT

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TRACT Overview

If you can measure it, we can monetize it. TRACT is a multi-tenant, SaaS platform that supports any combination of one-time, subscription, and usage-based offerings with near real-time metering, rating and native revenue recognition. This allows companies the ability to A/B test offers continuously to determine the right packaging mix to optimize revenue with maintaining stringent compliance requirements such as PCI and full revenue recognition audit trails.

Rich API libraries extend life-time value of existing technologies such as ERP, CRM, payment gateways, etc. Our customers include technology-focused in cloud solutions, digital entertainment and media, Internet of Things (IoT), Machine-to-Machine (M2M), logistics and hosting/managed services; Fast time-to-market, visibility into revenue streams and top-line revenue growth.

Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription

Devices

Business size

S
M
L

Markets

Australia, Canada, Europe, Germany, Middle-East and Africa, United Kingdom, United States

Supported Languages

English

TRACT Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription

TRACT is a true multi-tenant SaaS platform, thus offered as a subscription only.
Simple business models through complex machine to machine integrations and usage based billing all supported. Call for details.

TRACT Features

  • API
  • Receiving

  • Accounting Integration
  • Accounting Management
  • Activity Dashboard
  • Automatic Notifications
  • Billing & Invoicing
  • Compliance Management
  • Customizable Reporting
  • Data Import/Export
  • Electronic Payments
  • Expense Tracking
  • Financial Analysis
  • Invoice Management
  • Invoice Processing
  • Multi-Currency
  • Real Time Data
  • Reporting & Statistics
  • Third Party Integration
  • Workflow Management

Additional information for TRACT

Key features of TRACT

  • Built in analytics
  • Business intelligence to understand usage
  • Connected devices
  • Dynamic revenue management
  • Entitlement & pre-paid business models
  • Integrations
  • Subscriptions with rating, usage, metering, entitlements

Benefits

  • With TRACT, go beyond the simplicity of recurring payments and move your business quickly to business models that build customer lifetime value through segmentation and micro-segmentation, entitlements, and caps that accommodate changes in customers’ circumstances, usage and preferences over time.

  • TRACT Supports Usage / Consumption - A usage/consumption business model allows a company to truly individualize its offerings, which results in higher revenues and a larger customer base. Implementing and managing these types of business models without a specialized system can be very complex and error prone.

  • TRACT Supports Entitlement / Pre-Paid – Pre-paid business models can have a big impact on a company’s bottom line. Cash flow is an obvious benefit, as the company gets paid upfront and the customer acquisition cost is typically lower

  • TRACT Supports Complex Subscriptions – In order to run a world-class subscription business, a company must be able to offer multiple subscription packages and be able to modify these packages as competitive forces dictate. Packages that allow a customer to enter at one price point and upgrade or change their subscriptions over time are essential.

  • TRACT Supports Connected Devices - It is projected that there will be 50 billion devices connected to the Internet by the year 2020. Connected devices present a significant market opportunity for monetization, as people become more and more familiar and comfortable with more sophisticated devices and technologies.

  • GetApp Analysis

    When most people hear the term “subscription billing”, they think of recurring payment cycles and monthly pricing plans. TRACT is a cloud-based platform that goes beyond the basics, relying on proven technology and utilizing a business model that generates lifetime value from customers through automated billing and native revenue recognition. TRACT is an advanced billing and subscription platform that supports the most complex subscription needs at a fraction of the cost of traditional, on-premise solutions.

    TRACT supports the monetization of any combination of one-time, subscription, and usage-based offerings. The platform utilizes real-time metering, rating, and native revenue recognition. Other important features include order-to-lifecycle management, usage-based billing, customized invoicing, payments, collections, revenue assurance, reporting, forecasting, revenue allocation, and fully-native revenue recognition.

    Developed to meet the needs of teams in digital industries, TRACT is used primarily by technology-focused, in-cloud solutions. TRACT is also used by digital entertainment and media, Internet of Things (IoT), machine-to-machine (M2M), logistics, and hosting services.

    TRACT® Account Search

    What is TRACT?

    TRACT was designed to help organizations go to market faster and manage their revenue more effectively. The platform offers Internet-scale full and adjunct billing and product catalog management, and it is entirely cloud-based.

    Rather than focusing exclusively on simple subscription billing software, TRACT enables some of the most innovative organizations in the world to define their own product and billing scenarios and recognize revenue through configurable sub-ledgers. Organizations using TRACT can also meter and bill based on their clients’ consumption of products and services.

    TRACT® Customizable Dashboards

    TRACT Main Features

    Advanced Subscription Tools

    TRACT goes beyond simple recurring payments, with advanced subscriptions tools that involve rating, metering, scheduled charges, tiered, tapered, bundled, and usage-based billing. TRACT uses proven technology to power its subscription features.

    With TRACT, you can set rules for rate plans, rollovers, balances, and allowances. You can also set up usage-based charges, which may be applied to specific events, and process your subscribers’ authorization and provisioning requests in real-time.

    TRACT® Order Agreement Configuration with Termination Triggers and Customizable Renewal

    Usage & Metering

    TRACT has leveraged advanced technology to parse and process billions of transactions from disparate systems. Once they’re processed, these transactions are then distilled into billable events as quickly as TRACT receives them. Users can manage the entire order-to-cash lifecycle. This includes offers, orders, usage-based billing, customized invoicing, payments, collections, entitlements, revenue assurance, forecasting, revenue allocation, and contracting.

    In addition to usage-based charging, TRACT supports other sophisticated methods of charging. Multi-element pricing includes rating, metering, scheduled charges, tiers, tapered, and bundled.

    TRACT® Activity Charges and Allowance Tiers

    Customer Management

    Having easy access to subscriber data allows account representatives to quickly take care of customer requests and concerns. TRACT puts customer information at the forefront, with role-based rules that account representatives can use to access past orders, customer accounts, activity and usage details, invoices, payments, and complete service histories.

    With TRACT’s customer management features, you’re able to seamlessly collect payments for charges from subscribers, and update subscriptions based on customer requests. You can also add, edit, or delete account details. TRACT supports multiple bill and ship contacts.

    TRACT® Account Detail with Customer Lifetime Value

    CRM Integration

    Using a library of REST and SOAP APIs, TRACT enables the integration of disparate systems associated with accounts receivables.

    TRACT comes with pre-integrated connectors for major ERP, CRM, and payment processors. You can use these to shorten implementation times.

    TRACT® Billing Data CRM Integration with Salesforce

    Custom Dashboards & Analytics

    TRACT offers configurable user dashboards, which come with built-in analytics tools. These tools offer real-time visibility, and they provide users with detailed information about revenue streams.

    Take advantage of the custom dashboards that TRACT provides and explore data with incredible detail. Data is available within minutes of activities being recorded. You also have the option to schedule the automatic delivery of key reports.

    TRACT® Customizable Accounts Receivable KPI Dashboard Example

    TRACT Integrations

    TRACT was designed to extend existing platforms, not replace them. The cloud-based platform molds to existing processes, rather than rewriting them. As a result, TRACT has advanced integration capabilities. TRACT offers a library of REST and SOAP APIs, which connect to ERPs and CRMs. Among the ERPs and CRMs that TRACT integrates with are Salesforce, SugarCRM, NetSuite, Microsoft Dynamics, Intacct, and QuickBooks.

    TRACT® & ERP Interaction

    TRACT Pricing

    Organizations can contact TRACT’s sales department for pricing and quotes.

    TRACT Bottom Line

    • Leverages advanced technology to process billions of transactions
    • Configurable user dashboards include built-in analytics tools
    • Scalable solution built for a broad market
    • Native accounts receivable sub-ledgers with the flexibility to support complex revenue recognition tools
    • Speeds up the time to cash while increasing visibility into revenue streams

    TRACT FAQs

    Below are some frequently asked questions for TRACT.

    Q. What type of pricing plans does TRACT offer?

    TRACT offers the following pricing plans:

    Pricing model: Subscription

    Free Trial: Not Available

    TRACT is a true multi-tenant SaaS platform, thus offered as a subscription only.
    Simple business models through complex machine to machine integrations and usage based billing all supported. Call for details.

    Q. What are the main features of TRACT?

    TRACT offers the following features:

    • Built in analytics
    • Business intelligence to understand usage
    • Connected devices
    • Dynamic revenue management
    • Entitlement & pre-paid business models
    • Integrations
    • Subscriptions with rating, usage, metering, entitlements

    Q. Who are the typical users of TRACT?

    TRACT has the following typical customers:

    Large Enterprises, Mid Size Business, Small Business

    Q. What languages does TRACT support?

    TRACT supports the following languages:

    English

    Q. What type of pricing plans does TRACT offer?

    TRACT has the following pricing plans:

    Subscription

    Q. Does TRACT support mobile devices?

    We do not have any information about what devices TRACT supports

    Q. What other apps does TRACT integrate with?

    TRACT integrates with the following applications:

    Salesforce App Cloud

    Q. What level of support does TRACT offer?

    We do not have any information about what support options TRACT has