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Master data, centralised
Per product: name, price, VAT rate, account, cost centre. Multilingual descriptions, currency per market.
Product management software: master data, bundles, licences.
With teamspace product management, service businesses manage their products, bundles, licences and contract renewals in the cloud. Connected to CRM, quotes and invoicing.
What product management software has to do
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Bundles and packages
Combine several individual products into a package, with a special price and automatic resolution on the invoice.
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Licences with duration
Licence holder, contract duration, auto-renewal, reminder before expiry.
Features around product management
Products
- Master data with versioning
- Multilingual descriptions
- VAT rates per country
- Volume discounts and tiered pricing
- End-of-life date per product
Usage
- In quotes and orders
- Bundles and packages
- Licence management with duration
- Recurring invoices
- Hand-over to DATEV and accounting
What product management software for service businesses delivers
Service businesses sell more than hours: licences, maintenance packages, hardware, training courses, consulting bundles. Product management software treats these as products with master data, prices and contract durations. The data flows automatically into quotes, orders, invoices and renewals.
Master data and multilingual support
Per product the system holds: name (multilingual), price (per country and currency), VAT rate, account and cost centre for accounting, tiered prices for volume discounts. Versioning documents price changes over time.
Bundles and licence management
Individual products can be combined into bundles (e.g. software + onboarding package + 12 months maintenance), with a special price. On the invoice the bundle is shown as a single line or resolved into its components.
Licences carry a holder, activation date, expiry and auto-renewal. Before expiry the renewal opportunity moves to the pipeline, and the account owner is notified.
Reviewed in a requirements check
You are considering whether teamspace can structure product management in your organisation? In a 15- to 30-minute meeting we walk through your product structure and licence logic.
Frequently asked questions on product management
How is this different from customer record management?
Customer records hold clients and contacts. Product management holds what you sell — software licences, consulting packages, hardware, training programmes.
How do bundles work?
Several individual products can be combined into a bundle with a special price. On the invoice the bundle appears either as one line or resolved into its components, depending on the template.
How is licence management organised?
Each licence carries a holder, activation date, expiry, auto-renewal and reminder. On expiry the renewal opportunity is moved into the pipeline automatically.
Product management, reviewed in 15 minutes.
In the requirements check we walk through your product structure and licence logic.