This significantly reduces contract administration costs and improves the accuracy of contract information. You can use the service to manage complex sales and vendor contracts and track associated obligations and revenue streams, reducing contract administration time and cost. And because managers and executives can easily stay up to date on contract commitments and revenue implications, they can better manage risk and make more informed decisions. You and your employees are not the only ones who can use and benefit from the system. Customers may be given a user ID and password allowing them access to relevant quotes and contracts.
Customers can also update changing contact data, all online.
The result-better quality information, more automated processes, and happier customers. Revenue increases because more customers renew and price escalations and other contract terms are consistently implemented. You can streamline the processes and eliminate the need for multiple spreadsheets as well as manual effort. This solution integrates effortlessly with other Jamcracker products and with legacy accounting, order management, and CRM systems. FASB and SEC accounting guidelines are embedded into the program and continuously updated, virtually ensuring proper revenue recognition.