Conga, a leader in Revenue Lifecycle Management, announced the general availability and launch of the full Conga Revenue Lifecycle Management (RLM) platform, the Conga Advantage Platform. Conga is the only RLM solution provider to deliver a complete, customer-proven, and open solution that easily integrates with customers’ business infrastructure via connectors and a comprehensive open API.
This platform enables companies to capture more revenue, increase profit, manage obligations, win more deals, and deliver faster, more responsive customer experience.
And businesses can benefit from the integrated Revenue Lifecycle Management solution by simplifying business operations and signing more customer deals. The Conga Advantage Platform enables business leaders to more easily and fully understand contractual obligations and the revenue impact of product decisions and identify missed opportunities to maximize revenue capture from new and current customers.
Plus, 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 at a faster pace. A single and 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. This results in closing deals faster at lower cost with a higher renewal rate.
A more complete realization of revenue demands a single and consistent view of products, configuration options, discounts, rebates, obligations, opportunities, and risks. But without an open and integrated RLM platform, most companies must rely on dozens of vendors for the processes involved from prospect to customer to renewal. And the Conga Advantage Platform offers complete intelligent automation of revenue processes, unified data, purposeful AI, and deeper insight into risk and opportunity.
The Conga Advantage Platform combines Configure, Price, Quote, Contract Lifecycle Management, Fulfillment, Billing, Renewal, and Document Automation capabilities on a single open platform. Powered with a unified revenue data model, complete revenue intelligence, and purpose-built AI, it helps companies address their most challenging revenue-related contract questions across departments, such as:
1.) Legal – Identify risks across the contract portfolio while ensuring strict compliance without slowing sales cycles.
2.) Sales — Determine which customers are best suited for cross-selling or upselling and with what offerings while understanding the options for price increases.
3.) Procurement — Based on terms and volume pricing discounts, Determine which contracts should be consolidated with a single supplier.
4.) Finance – Distinguish areas of renewal risk in recurring revenue base.
5.) IT – Find 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
KEY QUOTES:
“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. 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.”
-Grant Peterson, Chief Product Officer of Conga
“This first fully open and integrated Revenue Lifecycle Management platform from Conga marks a pivotal moment for companies seeking to optimize their revenue operations. With the ability to seamlessly integrate multiple functions through the Conga Advantage Platform, businesses can drive more revenue, attract new customers, and extend the lifetime value of existing relationships. This launch represents our dedication to helping customers achieve sustainable growth by equipping them with the tools they need to stay competitive and thrive in today’s fast-paced market.”
-Noel Goggin, CEO and Culture Leader at Conga
