SOW (Statement of Work)

If the prospect receives a proposed contract, then they must also have a Statement of Work (SOW). The SOW outlines the work Paystand will do (and thus infers what Paystand will not be doing).

SOWs Include:

  • List of all features & functionality being implemented for their bundle
  • Timeline it will take to implement
  • Steps involved in each phase of the implementation process
  • Estimated Solution hours for this project
  • One-time setup fee (determined by Solutions, based on the # of hours)
  • Next steps they can start working on in the meantime to prepare

 

To check the status of a SOW, please click here