Create and implement customized contracts for clients regarding projects and services.
With Minerva software, project managers can create and implement contracts with client-specific pricing, billing and payment plans, and different billing methods such as milestone billing, time and material billing, fixed-price billing, advanced billing, and intercompany billing. Time and expenses are tracked and available for different billing scenarios, and integrated with project accounting and revenue recognition to support full profitability tracking. The result is a better understanding of the profitability of each project and contract, faster billing cycles, less-than-sales-on-day (DSO) sales, reduced financial risk, and less revenue leakage.