This software includes a range of functions and features that help organize and manage contracts and generate invoices in a seamless and efficient manner. It includes creating new contracts, managing existing contracts, generating invoices, tracking payment statuses, managing payments, and generating reports on contracts, invoices, and payments.
Some common features and functions of software contracts include:
• Defining the contracts (contract parties, contract type, contract amount, contract period, contract commencement and end date, etc.)
• Defining the services under the contract
• Defining the mechanism for issuing invoices and payments (daily, monthly, quarterly, annual or within a specific period etc.)
• Defining a mechanism for calculating daily and monthly revenues according to the customized equations
• Fully integrated with warehouse management and accounting systems, for monitoring revenues and balances
• Following up contracts, invoices and renewals
• All reports required to manage the contracts and invoices