STREAMLINED BILLING AUTOMATION
Manage Complex Customer Contracts
The signed contract with a customer brings opportunity and challenges. The challenge is to bill and track all of the required contract events while maintaining team productivity, visibility into the data, and contract compliance.
Improve Customer Satisfaction
Invoice accurately and in a timely manner based on the contractual terms to eliminate surprises and unplanned events for your customers.
Eliminate Missed Invoices
Do away with revenue or billing leakage so that all value is captured from your customers.
Streamline Contract Extension and Renewals
Easily extend contract period of performance dates and update contract pricing to support long-term customer agreements.
Improve Contract Data Visibility
Leverage your contract data for insight into projected billings, projected revenue, billing and contract renewal status. Store and manage all information about customer agreements in a single location.
Automate Even the Most Challenging Billing Scenarios
Integrate your delivery systems or other contract event drivers to fully automate usage based or event-based billing.
Increase Financial Reporting Accuracy
Detailed historical and future views for more accurate business management and planning.
Fully Integrate with Revenue Management
Support deferred revenue processes through integration with Tensoft Revenue Management.
Strengthen Compliance & Audit Readiness
Maintain detailed transaction histories and contract audit trails to support governance, compliance, and financial reviews.
Features Overview:
Centralized Repository
Contract billing management manages all contract, billing, and delivery dependency information, including documents and key dates.
Change Management
Track and identify change events in contracts to support upgrades, downgrades, additions, co-terminus agreements, and multiple contract revisions.
Contract Deliverables
Track key dates and pending or future invoices required based on contract terms, with reminders to support contract execution.
Track Key Customer Delivery Events
Manage go-live or customer acceptance events by user defined stages. Manage multiple go-live events by contract as needed. Mass change/update management supports easy insight and update of go-live events across all contracts.
Supports All Required Billing Models
Manage recurring invoices, usage-based invoices (including support for pricing tiers), and milestone or event-based billings. Unlimited schedules and pricing tiers supported.
Channel and Complex Customer Billing Management
Supports separate bill and contract customers to support the end customer and channel or intermediary billing models. Configuration options support billing by contract or across contracts to support consolidated billing by bill to customers.
ERP Document Generation
Contracts can create invoices, returns, and sales orders (customer fulfillment required) documents for ERP system required processes.
Integrates With Your Business Systems
Integrates with your financial system, your CRM system, and your operations management systems, to streamline communication and improve productivity across your company.
Document Review Workbench
Automatically capture, review, and resolve integration errors or missing data before processing, giving business users full visibility and control over incoming documents.
Revenue Management & Deferred Revenue Support
Seamlessly integrate with Tensoft Revenue Manager while supporting deferred revenue and unbilled accounting requirements.
Bundles & Revenue Allocation
Automatically allocate revenue across bundled products and services to support ASC 606 / IFRS 15 compliance.
Audit Trail & Compliance
Maintain a complete audit trail of revenue transactions, changes, and approvals for compliance and reporting.
Advanced Reporting & Analytics
Access powerful dashboards and APIs for real-time revenue visibility and reporting.
Data Imports & Updates
Easily import, update, and maintain contract, billing, and master data at scale.
