The client used Excel to maintain over 175 customer contracts, each of which had unique rules. Monthly accruals for each contract were calculated manually—a time-consuming and tedious process.
The ProfitOptics Contract Management Module was configured to allow the client to manage all known customer contract variations.
The client’s finance team can now process precise accruals for all customer contracts in a fraction of the time compared to the previous spreadsheets based process. New customer contracts can be set up within minutes.