Contract management services are a great add on to the business and digital industry. With the growing phase, the white label for contract management has gained a lot of progress. You can buy a “White Label Brand” to a company, and with the ability to reach more significant markets, woo-hoo J … read on for more details about it.
What is White Label Software/Service?
White Label software is a software or service that an organization can add to its product branding. It is where you purchase a White Label brand or “lease” it for a shorter period, like a few years. Subsequently, you use the label or brand as your own. White label software as a Service (SAAS) where the brand is yours, and you have purchased and expanded an add on to your brand.
The White Label meaning is that the product is unbranded to the reseller where they can put their brand name or tag on it and use it as they are the service and customer relationship providers.
White Label Contract Management
Now we know the White Label meaning. For contract management, it is relatively easy to understand and execute.
The White Label contract could include the following:
· Company branded CLM.
· Company control all aspect of customer relations.
· The Company has unlimited use of products and services.
· Company brands the products with the company values and mission.
· The Company develops and expands its services with opensourceCM continued development team support, including many API services required.
· Best possible upfront cost structure.
What Does White Label Contract Management Do?
A White Label agreement is an agreement between open-source Inc., the creator of opensourceCM, and service provider reseller. In essence, the opensourceCM holds the rights to the product and can set forth the branding conditions. This agreement is all controlled by the white label contract management. It will contain detailed provisions within the following branding agreements:
1. Product specifications
2. Product Pricing
3. Product copyrights
4. Packaging Instructions for reseller.
5. Products training and support.
6. Products warranties, repair services, and customer support.
Best Practices - White Labelling
White Label SAAS – software sold to a reseller for rebranding, repricing, and reselling.
When Company considering the platforms, best practice dictates that a company should own trusted and stable relationships with their clients, keep their markets, expand to additional needs, and stay viable to its customers. With a mature platform like opensourceCM, the Company benefits from a significant competitive price, quality of service, strong and trusted brand, and other market trends, built by opensourceCM and available with no limits.
Conclusion
White labeling has become quite popular, especially white-label SAAS software. As a contract management company, we think of it as an excellent opportunity to market and sell your product. Even other sellers have been using it as a more accessible and cheaper way of branding products with your name while the manufacturer claims the copyrights.
Let me know what you think of White Labelling in the comments section below. Also, post any of your questions related to White Label for contract management.