ContractPlus: precision and security in contract management for different types of billing 

Contract management requires control and precision at every stage, especially when it comes to invoicing. Companies that handle large volumes of contracts face challenges in maintaining regularity and compliance of payments and collections.  

In this scenario, the ContractPlus, solution from Invent Software, offers automation and centralization of data for the entire billing and provision process, allowing your company to focus on growth and innovation.  

In this article, we will explore how this system facilitates the definition and execution of billing types, ensuring greater accuracy and fluidity in contractual operations. Keep reading to find out more!

Full automation and billing types 

ContractPlus stands out for its ability to configure and automate different billing types, meeting the specific needs of each contract.  

Diversity of billing models is essential to ensure that all types of commercial agreements are correctly managed. 

 Here are the main billing types that ContractPlus supports: 

• Installment Billing: This model is designed for contracts with previously defined values that do not change throughout the term. It provides financial predictability for both the supplier and the customer, allowing for smoother cash flow management. 

• Recurring Billing: Ideal for ongoing contracts such as service subscriptions or maintenance. ContractPlus issues recurring invoices (monthly, quarterly, annual), automating collections and ensuring payments occur without interruption. 

• Billing by Measurement: This option allows the service to be specified by value, quantity or percentage. Used when a contract has a balance (value/quantity) but there is no predictability of when it will be (paid/received) or its value/quantity. In this way, the contract item will be treated in the same format as a budget forecast where measurements can be entered until the balance is fully consumed. 

• Metered Installment Billing: This model is aimed at contracts that, despite having a predictable date/values previously defined, may undergo changes throughout the term. It provides financial predictability, both for supplier contracts, and an automatic redistribution of values when there is a need for adjustments in the installments, allowing for smoother cash flow management. 

Benefits of ContractPlus 

Our contract management system for the SAP Ecosystem goes beyond simple billing automation. It brings a series of benefits to companies looking to improve their contract management, with easy integration with the ERP of the German company SAP.

Integration with SAP ERP 

ContractPlus offers full integration with SAP Business One ERP, allowing a 360 degree view of the life cycle of each contract.  

This integration not only makes it easier to track income and expenses, but also improves cash flow management, providing greater control over the company's financial management. 

Integrated with the SAP management system, ContractPlus aligns billing with the company's other financial processes, providing a clear view of cash flow and improving financial predictability. 

Check out everything that the SAP Business One contract management solution can do in the webinar below, a partnership between Invent Software and ALPHA, SAP Gold Partner consulting:

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