article thumbnail

Dear SaaStr: When Should a SaaS Company Allow Month-to-Month Contracts vs. Requiring Annual?

SaaStr

Dear SaaStr: When Should a SaaS Company Allow Month-to-Month Contracts vs. Requiring Annual? Get those annual contracts whenever possible … and where it works for the customer.But … Most of the time, it’s a false choice. Bigger companies want to sign annual contracts, especially in exchange for discount s.

Contract 105
article thumbnail

Contracted pricing CPQ: what it is and how it works

PandaDoc

Vendors gain a consistent customer and buyers have a trusted source for a specific selection of products or services. As these relationships deepen, partnering companies will often agree on contracted pricing, a pre-negotiated price structure that applies over a defined period. What is contracted pricing?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Customer for Life

Sales Pop!

But its after the contract is signed and when the wedding day has ended that the real work begins. Similarly, in pursuing a prospect, sales teams work diligently to show responsiveness, attention to detail and follow-up in every transaction, hoping to enhance their reputation. Sure, there are others.

Customers 183
article thumbnail

What to do when your vendor has a data breach

Martech

One security problem with SaaS is implicit trust,” said Paul Shread, international editor for The Cyber News from threat intelligence vendor Cyble. Review the contract There are times in business when a lawyer is called for. Go over the contract with a legal expert. In the end, all companies sell the same product: trust.

article thumbnail

The False Choice of Prepaid vs. Monthly Contracts

SaaStr

In scaling the cash-flow side of SaaS, there’s almost nothing more powerful than a nnual contracts combined with prepaid cash. At Adobe Sign / EchoSign, half the reason we went cash-flow positive at about $5m in ARR was prepaid annual and multiyear contracts. At least, once you have enough of a mini-brand to be trusted.

Contract 118
article thumbnail

Sales Contracts: Elements, Process & Best Practices

Salesforce

” A written sales contract should accurately reflect the verbal agreements made — or else you risk the buyer backing out of the deal or having a very unhappy or potentially litigious client after the deal is done. Sales contracts are vital to completing any business transaction. What you’ll learn What is a sales contract?

Contract 108
article thumbnail

10 Ways Sales is Different in Vertical SaaS with Mangomint’s VP of Sales

SaaStr

She’s still seeing great performance from people with prior SaaS experience vs domain expertise but it means re-training them out of ‘feature selling’ or ‘feature dumping’ and turning them into product experts who can build trust with those they are selling to now.

Contract 110