Windward Insider Blog

Effective Contract Pricing Management Made Easy

Written by Windward Software | Jul 18, 2024 3:00:00 PM

Contracts are the backbone of any business. But managing contract pricing can be a daunting task, especially when dealing with diverse agreements, negotiations, and expiration dates. The complexity of these agreements demand efficient tools that streamline processes, protect business interests, and foster strong relationships.

Enter Windward System Five—a comprehensive solution designed to tackle contract pricing management head-on.

The Business Problem:

Contracts define terms, obligations, and expectations. Yet, juggling multiple contracts, tracking pricing over multiple customers, and ensuring pricing compliance can overwhelm even the most organized teams. Here’s where the challenge lies:

The Software Solution:

By leveraging ERP solutions like Windward System Five,  you can simplify contract pricing management, empowering you to negotiate effectively, invoice accurately, and deliver on your promise.

Understanding Contract Pricing vs. Price Schedules

Contract Pricing: When you've negotiated a contracted price, Windward System Five helps you enforce that pricing with your customer and their authorized buyers. It’s a limited-time offer tied to the individual customer. For Example: A stationery store makes a contract with a school district to sell pencils at a given price for the school year. The contract price would apply even if only one pencil was purchased, allowing for flexibility for the district and its authorized buyers while enforcing the customer-specific pricing at point of sale. 

Price Schedules: You can apply price schedules to multiple companies or customers. Think of it as a tidy way to give deals to different types of customers. For Example "Employee Pricing", "Contractor Rate", or even "Loyalty Customer Price." Everyone on the same price schedule gets the same deal.

In summary, Contract Pricing in Windward System Five is a versatile tool that allows businesses to customize pricing for specific customers, potentially enhancing customer relationships and sales performance.

How To Get Started With Windward:

Ready to learn more about how Windward Software's ERP can help your operation? Book your live system demonstration today!