Contract Revenue and Expense Optimization

Achieving exponential growth requires strategic insights, and so much of the information required to efficiently hit revenue targets while minimizing risk are buried in contracts and agreements.  ThoughtTrace identifies critical elements in contracts and documents in seconds, and revenue teams are empowered to:

• Spot new opportunities across their contract portfolio (up-sells, cross-sells, etc.)
• Understand where you can and can’t raise prices, taking into consideration all current opportunities in the pipeline and other contextual information
• Easily and efficiently manage auto-renewals – never miss a notification deadline again
• Avoid missing overcharges
• Minimize time spent searching for the original contract, related invoice, or highly specific terms. Instead, focus on analysis and driving growth.

You’re responsible for growth strategy and results, revenue reconciliation, forecasting, enablement, and minimizing risk (just to name a few). The board, company leadership, and your team are relying on you to have an accurate picture of the business, but you’re searching for clarity about your customers among obscure data and information.

“Our CRM is the source of truth.” 

“Upload the agreement to the CRM, add your notes, add the autorenewal date in the customer success field…” 

“Jerry hasn’t updated the CRM!” 

“Bryce, do you have the original agreement? I can’t find it…”

Sound familiar?

It doesn’t have to. Instead, leading revenue teams tap into the real source of truth, their contracts and related documents, as they contain the answers to the toughest questions about the business, vendors, and customers.

Document Understanding for Revenue & Expense Optimization is the inside edge that gives you the insights needed for fast, decisive, and accurate decisions. ThoughtTrace integrates with your business systems to automate and fuel intelligent business processes. CRM, ERP, Accounting systems, and more to automate and fuel intelligence business processes.

Day-to-day business requires an overwhelming number of documents and contracts, which end up silo-ed from the business relationships adding a layer of organizational complexity. ThoughtTrace, a single source of truth for document understanding, eliminates multiple barriers to efficiency by automating the structured output of your most complex data and information. Ridiculously fast enterprise search allows you to find specific contracts, invoices, and terms across thousands of documents so you can focus on business analysis and driving growth.