Campfire manages the full amendment lifecycle, from initial request through negotiation, approval, and execution. Each amendment is linked to its parent contract, so changes are always tied back to the original agreement. Stakeholders can see clear before-and-after comparisons of pricing, terms, and obligations, making it easy to understand what has changed. Once approved, updates flow automatically into billing, revenue recognition, and payment processes. This removes the need for manual updates and keeps financial systems aligned with current contract terms.
Campfire shows the financial impact of proposed amendments before they are approved, covering billing, revenue recognition, and accounts payable. Side-by-side comparisons highlight exactly what is being updated, from pricing structures to service levels. Approval workflows can be set based on the type or value of the change, allowing smaller updates to move quickly while larger changes are reviewed by senior stakeholders. This helps teams assess amendments with confidence and maintain control over contract changes.
Campfire records every amendment with a full audit trail, including who requested, reviewed, approved, and finalised each change. All amendments are stored alongside the parent contract, creating a clear timeline of how terms have evolved. This supports compliance with standards such as AASB 15 and IFRS 15. Reporting tools highlight amendment trends across the contract portfolio, helping teams identify patterns and address recurring issues.
Why Campfire Stands Out
