Service Contracts

Service contract is an agreement between buyer and seller to perform certain obligations at a predefined price, rate and duration and sets out the terms and conditions of the service. Foundry Bean Global Work System automatically creates service contracts from sales order. The agreement terms and conditions, service level agreements etc. can be attached with the service contracts.

Recurring Revenue

Recurring revenue from support and maintenance contracts, ongoing licenses, warranties provide valuable recurring revenue stream. Revenue schedules are automatically created while creating the contract. You have option to hold back revenue generation for each contract line or manually change it if needed.

Annual Recurring Revenue (ARR)

Annual Recurring Revenue (ARR) is the revenue generated every year for the life of the contract or subscription. Multiple automated ARR reports are available such as balance ARR summary, by customer, by product category and details. No need to maintain data in spreadsheet and the reports are real time, no over-night stale data. Reports are automatically generated from transaction data such as upgrades, downgrades and churn.

Revenue Forecast

Revenue Forecast are automatically calculated from revenue schedule. Revenue dashboard shows real time Revenue backlog and forecast data.

Contract renewals

Streamline recurring contract, subscription billing with automated renewals. Upgrades and downgrades are automatically calculated by the system while changing the contracts.

Subscription - Flat fee based

System automatically creates billing schedule once the new subscription period starts. Flat fee based subscription billing is applicable when billing period and billing fees are known in advance. This is suitable for month-to-month subscription billing with no long-term contract. Billing can be for monthly, quarterly, annually or any time period in the order.

Subscription - Usage Based flat billing

Foundry Bean Subscription billing supports usage-based scenarios and billing schedule is created based on usage. System automatically creates billing schedule once the usage data is entered. You can have multiple usage items with different usage and price rates.

Subscription - Usage Based volume pricing

Volume pricing for usage-based subscription is applicable when the price range is based on volume of usage. Price of all units are the same and is set based on the usage for the set price range. Subscription billing automatically finds the price range based on usage and creates the billing schedule.

Subscription - Usage Based tiered pricing

Here billing depends on the tiered pricing of usage. Pricing range starts from zero and price depends on the volume range times the rate defined in that range. Once the usage is more than the defined range, it goes to the next tier and calculated again. Total price is the summation of all the range amounts.