Contract Management
Streamline Contract Management to increase revenue, reduce risk, improve customer retention and deliver a seamless customer experience.
Contracts are the foundation of business relationships. They cover every aspect of a business deal or supplier relationship from start to finish. But for most enterprises, a single contract requires finance, legal and procurement, oftentimes using manual processes. Without proper contract management, you open yourself up to countless risks, financial penalties, and procurement contract compliance issues.
From creation through to execution, and eventually termination or renewal of of the contract, BluIQ manages the contracts seamlessly, integrating with your internal systems and processes automatically.
- Manage and automate contract terms and renewals.
- Manage pricing around the contracts with co-termination and prorating.
- Period / term independently define billing periods for contracts.
- Load and manage contract documents like SLAs, Service Agreements, Contract Amendments.
- Include Electronic signature integration as part of the document workflow automation.
With BluIQ’s integrated contract management, you will be able to
- Resolve your revenue leakage issues through automated revenue capture and processing
- Automate manual steps to reduce error rates, processing costs and time required to bill
- Reduce customer complaints by providing transparency and accuracy in terms and billing
- Increase flexibility in offering new products and pricing with standardized contracts and management approaches
- Provide flexible pricing, from fixed to pay per use to consumption based, managed centrally and billed accurately
- Automate discounts and customer specific prices, seasonality, and volume discounts across usage and overage models
- Decrease customer churn with automated recurring billing, event notification and superior customer experience
Improve your revenue profile with comprehensive contract management
Benefits of contract management
- Cost savings and revenue gains: reduce cycle times for creation and improve revenue capture for complex usage based subscription contracts
- Reduced risk and liability: decrease your risks by standardizing your contracts and managing them centrally
- Billing accuracy: ensure your bills are generated accurately, in line with the pricing and contract terms
- Manage start and end dates accurately: stay in compliance with all your contract product and service items, across geographies, product sets and channel partners
- Never miss an event again: Manage contract events with automated alerts and custom notifications
Move Beyond Billing | Transform Your Business with Monetization
If you are in the market for billing software, you know it’s an environment full of different terminology used to describe related ideas. Billing. Invoicing. Subscription Management.
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