Conga launches open revenue lifecycle management platform

Conga, a pioneer and market leader in Revenue Lifecycle Management, announced the general availability and launch of the full Conga Revenue Lifecycle Management (RLM) platform, the Conga Advantage Platform—delivering a complete, customer proven, and open solution that easily integrates with customers’ business infrastructure via connectors and a comprehensive open API.

According to the company, the platform offers organizations the power to capture more revenue, increase profit, manage obligations, win more deals, and deliver faster, more responsive customer experience.

The Conga Advantage Platform enables business leaders to more easily and fully understand contractual obligations, the revenue impact of product decisions, and identify missed opportunities to maximize revenue capture from new and current customers.

It also empowers companies with full, modern, open access to configuration, quote, contract, sales, and revenue data, eliminating functional silos and centralizing all revenue data to make more informed decisions, faster.

A single, consistent data model connects every revenue business function, powering the adoption of AI capabilities to accelerate product sales, legal review, product fulfillment, revenue and service billing, and product renewals which result in closing deals, faster, at lower cost, with a higher renewal rate.

The Conga Advantage Platform offers complete intelligent automation of revenue processes, unified data, purposeful AI, and deeper insight into risk and opportunity.

“We’re very excited and proud to deliver on our vision for an open and integrated RLM platform and bringing this groundbreaking solution to market. The speed at which our team executed this launch is a testament to our commitment to innovation and customer success,” said Grant Peterson, chief product officer of Conga. “We’re proud of the impact that Conga solutions already have for our customers, enabling them to reap the benefits now of gaining full control over and visibility into revenue optimization opportunities to unlock new efficiencies, scale with agility, and drive meaningful outcomes in their businesses.”

The Conga Advantage Platform brings together configuration, price, quote, contract lifecycle management, fulfillment, billing, renewal, and document automation capabilities on a single open platform.

Powered by a unified revenue data model, complete revenue intelligence, and purpose-built AI it helps companies address their most complex revenue-related contract questions across departments, including:

• Legal – Identify risks faced across the contract portfolio while ensuring strict compliance without slowing down sales cycles.
• Sales – Pinpoint which customers are best suited for cross-selling or upselling, and with what offerings while understanding the options for price increases.
• Procurement – Determine which contracts should be consolidated under a single supplier based on terms and volume pricing discounts.
• Finance – Distinguish areas of renewal risk in recurring revenue base.
• IT – Uncover how to eliminate integration challenges and reduce cost structure.

The Conga Advantage Platform opens the door to accelerating positive business results with embedded AI. This includes:

• AI capabilities that quickly summarize contracts and find answers with ease.
• Automated contract review, risk scoring, redlining, and table extraction.
• Self-service custom multilingual models.

For more information about this news, visit https://conga.com.