Softrak Systems

Name

Softrak Systems

Legal name

Softrak Systems Inc.

Website

https://softrak.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Accounting Software / SMB ERP

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Core ERP Suites (Financials, Procurement, Projects) (HDAEAEAA)

Keywords

• Modular accounting software
• SMB ERP platform
• Cloud accounting solution
• Financial reporting software
• Batch-oriented accounting

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Software Licenses: Traditional perpetual one-time license purchase for on-premise deployment of Adagio Accounting modules.
2. Adagio Cloud Subscription: Subscription-based cloud access to Adagio modules including Core (General Ledger, Financial Reporter, Accounts Payable, Bank Reconciliation), Invoicing, Orders, Inventory, Costing, Reporting, Multi-Currency, and Doc Store. Spreads cost over subscription period with no up-front lump sum.
3. SupportPlus Plan: Annual support plan entitling users to free priority technical support from Softrak along with all software upgrades and updates.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Softrak Systems develops and sells Adagio Accounting, a modular, batch-oriented ERP accounting system for small and medium-sized businesses. The platform integrates financial management, inventory, orders, job costing, payroll, CRM, POS, and reporting into a single suite, available as on-premise perpetual licenses or as a cloud-hosted Adagio Cloud subscription. The software is sold exclusively through authorized Adagio Consultants and channel partners who provide implementation, training, data conversion, and ongoing technical support.

Product overview

Softrak Systems offers Adagio Accounting, a modular, batch-oriented ERP accounting system designed for small- to medium-sized businesses. The product portfolio includes the Financial Suite (comprising General Ledger, Financial Reporter, Accounts Receivable, Invoicing, Payments, Accounts Payable, EFT, Bank Reconciliation, Fixed Assets, MultiCurrency, and X Company), Inventory Management (Inventory, Bill of Materials, Serial Numbers, Lot Numbers, Warehouse Management, Bar Coding, CatchWeights), Purchase & Sales Order processing (Order Entry, Returns, Purchase Orders, Link2 Points, Payments on Orders, Ship2 Link), Job Costing (Job Costing, Work Orders, Production Tracker, Orders Link2 Jobs), Reporting (Financial Reporter, Sales Analysis, GridView, ChartView, FX Pro), Time Billing (Time&Billing, TimeKeeper), CRM (SalesCQ), Vertical Applications (Rentals for Adagio, Link2 FlowThru, PickitLink), Utilities (EDI, Console, LanPak, DataCare, ODBC, Toolkit, ePack), Document Storage (DocStore, Docs for Payables), ePayments (Telpay), eCommerce (Webtelligence), Point of Sale (CounterSales, MyPOS Connect), Payroll (Canadian PayDirt, US 21st Century), and First Nations solutions (Income Assistance, Housing). Adagio Cloud provides cloud-hosted access to core modules. The system integrates with numerous third-party developer products including Dakota Software, Ferrus Computer Services, Island Micro Systems, Lenmax Software, Link2 Systems, QLab Systems (PayDirt Payroll), SoftCay, Telpay, and others.

Differentiator

Problem solved

Functional benefit

Brands

• Adagio Cloud: Cloud-based access to Adagio accounting files from anywhere, anytime using any device in a cost-effective and secure environment.
• Adagio Financial Suite

Products and services

• Adagio Accounting Modular, batch-oriented ERP accounting system for small and medium-sized businesses integrating financial management, inventory, orders, job costing, reporting, CRM, time billing, and EDI.
• Financial Suite Bundled financial management suite including General Ledger, Financial Reporter, Accounts Receivable, Invoicing, Payments, Accounts Payable, EFT, Bank Reconciliation, Fixed Assets, MultiCurrency, and X Company.
• Adagio Cloud Cloud-hosted version of Adagio Accounting providing subscription access to Core (General Ledger, Financial Reporter, Accounts Payable, Bank Reconciliation), Invoicing, Orders, Inventory, Costing, Reporting, Multi-Currency, and Doc Store modules with encrypted daily and weekly backups.
• SalesCQ CRM Customer relationship management module combining receivables, order entry, and invoices with contact and quote management, callback dates, and email/letter/fax capabilities. Converts prospects to customers and quotes to orders.
• Rentals for Adagio Vertical application for companies that rent, sell, or service equipment, including construction equipment, machinery, tools, scaffolding, fencing, and forms. Supports recurring billing and rental inventory tracking with open-ended contracts.
• Webtelligence eCommerce Fully integrated eCommerce solution from North49 providing two-way integration from web store to Adagio, supporting web store, customer portal, and mobile sales portal with automatic order flow and item display.
• PayDirt Payroll (Canadian) Canadian payroll solution from QLab Systems that calculates payroll and generates accounting transactions automatically within Adagio, eliminating duplicate data entry.
• 21st Century Payroll (US) US payroll solution integrated with Adagio for processing US employee payroll, including tax and reporting calculations.
• Income Assistance for First Nations First Nations income assistance management module integrated with Adagio and the ASAP software suite for tracking community income assistance programs.
• Housing for First Nations First Nations housing management module integrated with Adagio and the ASAP software suite for tracking community housing operations.
• CounterSales (IMS POS) Point of sale module from Island Micro Systems for retail and wholesale environments with sales invoicing capabilities integrated with Adagio.
• MyPOS Connect Touch screen POS solution from Link2 Systems integrated with Adagio for retail point-of-sale environments.
• Accounts Payable 9.3C Accounts Payable module release 9.3C with new System Check Processing features and improvements.

Quantifiable outcome

• Over 200 First Nations organizations rely on Adagio for their accounting needs
• +2 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Dakota SoftwarecoreTechnology or IntegrationDakota Software designs and develops robust accounting solutions integrated with Adagio. Products include Toolkit for Adagio, National Accounts, Rentals for Adagio, ePack, Exporter, and data conversion from Sage 50/Sage ERP. Founder Bob Wisener has been developing Adagio enhancement tools for over 25 years.
• Ferrus Computer ServicescoreTechnology or IntegrationFerrus Computer Services has been developing software for First Nation Administrations since 1994. ASAP Software tracks demographics and financial information for First Nations. Products include ASAP Membership, Housing, Post Secondary, Income Assistance, and Mobile Inspection App. Over 200 First Nations organizations use Adagio with ASAP.
• LNG Management Services Ltd.minorImplementation/ SI/ Consulting PartnerLNG Management Services is the developer of the Using Adagio series of courseware written by Lars Glimhagen, a seasoned Adagio consultant and certified trainer with over 30 years experience in accounting and finance.
• QLab Systems Ltd. (PayDirt Payroll)coreTechnology or IntegrationPayDirt Payroll enables Canadian companies to calculate payroll and generate accounting transactions without additional work outside the payroll program. Most popular payroll solution for Adagio users nationwide. President Phil McLeod has 30+ years developing solutions for payroll departments.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SYSPRO: SYSPRO is an ERP vendor focused on small-to-mid manufacturers and distributors, comparable to Adagio in customer size and verticals like wholesale distribution, with stronger manufacturing depth.
• Acumatica: Acumatica is a cloud-native mid-market ERP competing for the same growing-business, multi-entity, multi-module buyer that Adagio serves, with stronger modern browser-based UX but a higher price tier.
• QuickBooks Enterprise (Intuit): QuickBooks Enterprise is the dominant US SMB accounting platform and the primary upgrade-or-switch candidate Softrak targets; comparable in customer size, module breadth, and price point, though Intuit is vastly larger.
• Sage 50 (Sage Business Cloud): Sage 50 is one of the two entry-to-mid-market accounting systems Softrak explicitly positions against ('limitations of QuickBooks or Sage50'). It targets very similar SMB customers in North America with desktop and cloud deployment.
• Xero: Xero is a leading cloud-native SMB accounting platform competing for the same growing-small-business buyer as Adagio, particularly in professional services and small distribution, with a far stronger modern UX and ecosystem.

Emerging players

• Odoo: Odoo is an open-source, modular SMB ERP that increasingly overlaps with Adagio's Financial Suite, Inventory, POS, and CRM modules, often at a lower price point for very small businesses.

Broad incumbents

• SAP Business One: SAP Business One is the incumbent mid-market ERP alternative for distribution, manufacturing, and professional services—overlapping segments where Adagio sells Job Costing, Inventory, and Order Entry.
• Microsoft Dynamics 365 Business Central: Microsoft's cloud ERP for SMBs and mid-market competes head-to-head for Adagio's departmental-accounting and multi-entity customers, leveraging the broader Microsoft 365 ecosystem that Softrak cannot match.
• Oracle NetSuite: NetSuite is the leading cloud mid-market ERP, competing for the same growing-business, multi-entity, multi-module buyer profile that Adagio targets, with deeper finance and global capabilities.

Regional players

• Exact Online (Exact Group): Exact Online is a cloud SMB accounting/ERP suite most active in the Netherlands and broader Europe, with comparable modular coverage to Adagio but no significant North American presence—comparable in product shape rather than geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/adagiobysoftrak
• YouTubeyoutube.com/user/SoftrakSystems
• Facebookfacebook.com/AdagioAccounting
• LinkedInlinkedin.com/company/softrak-systems-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Softrak Systems