Laying the Foundation for Automating Revenue Accounting: A Softrax Executive Webcast with BearingPoint

Business Wire, June 2, 2008

Senior Financial Process Thought Leaders Share Practical Advice for Successful Revenue Automation Initiatives

CANTON, Mass. -- Softrax Corporation, a leading provider of enterprise revenue management and billing solutions today announced that it will present a live executive webcast to discuss automated revenue accounting, and the vital work required to lay the foundation for effectively automating the revenue accounting process. Companies that properly prepare and successfully execute a revenue automation initiative achieve strategic benefits: they cut time and expense from their close processes, reduce compliance costs and risks, and provide better data for financial and management reporting.

This online event will be held on Tuesday, June 17(th) at 1:00PM Eastern time and will present Reed H. Kingston, Managing Director, and Alok Ajmera, Senior Manager, of BearingPoint and Robert O'Connor, President and CEO, Softrax. BearingPoint is one of the world's largest management and technology consulting service providers worldwide.

Automation and streamlining of revenue accounting is a rapidly emerging area of focus for accounting and control departments. Kingston and Ajmera will discuss the level and range of preparation required, real world examples, pitfalls to avoid, and critical factors for operational and strategic success. It will be an interactive event and time will be reserved for questions.

Bonus Report: All attendees will receive a copy of the most recent IDC/RevenueRecognition.com survey, Best Practices in Revenue Reporting.

The one-hour, interactive webcast is presented at no charge, compliments of Softrax Corporation. Please register at http://www.softrax.com/executive-webcast or call Toll Free 1.888.476.3672.

About Softrax

Softrax Corporation is a leading provider of enterprise revenue management and billing software solutions that fundamentally change the way companies manage, analyze, report and forecast their revenue. Softrax solutions automate the entire revenue cycle, from revenue recognition, reporting and forecasting, through complex billing and contract renewals. Hundreds of corporations benefit from using Softrax to optimize 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 www.softrax.com, www.revenuerecognition.com and by calling 1.888.4.SOFTRAX.