If you are a user of Time Matters, and have let your AMP (Annual Maintenance Plan) lapse, this is a very important post.
Summary
- Renew your AMP by November 15 and avoid paying the True-Up/catch up costs – this could save you tens of thousands of dollars.
- Billing Matters is now part of Time Matters at no additional cost.
- The new pricing for the Time Matters AMP is $39 per user per month or $468 per year with no 1st user surcharge.
- If you don’t get back on the AMP by November 15 and decide to do so later, your license will not be perpetual.
- Give us a call and we will get you connected to an account exec who can get you back on AMP.
Details
Get Back on AMP and Avoid the True-Up/Catch Up cost
For some time now, Time Matters has required an AMP to get technical support, access to certain features, and most importantly all new Versions and interim updates. Some of our clients have let the AMP lapse. To go back on AMP – typically to upgrade to a new version like TM 16 – LexisNexis (now PCLaw | Time Matters, aka P|T) charged you a “True-UP or catch up fee for the previous period of time when you didn’t pay for the AMP. After a couple years, it was cheaper to just re-purchase Time Matters than it was to pay the True-Up cost.
Until November 15, 2020, you have an opportunity to get back on the AMP and P|T will waive the True-Up charge. You simply pay $39 per user, per month or $468 per user, and there is no additional charge for past AMP that was missed.
New Pricing – Billing Matters no Longer Charged Separately
P|T has also announced a new price for Time Matters – $39 per user per month, or $468 per year, per user. This brings in Time Matters at a price roughly half the cost of competing cloud applications. If you are a Billing Matters users, it’s even better … the $39 per month includes Billing Matters. In other words, Billing Matters is now part of Time Matters and you don’t have to pay an extra charge for it. If you don’t use Billing Matters, you now can at no extra cost other than getting it setup.
Perpetual Licensing
You currently have a perpetual license of Time Matters. This means that if you decided to stop paying the AMP at any time in the future, you still own the product and can keep using it forever. That can’t be taken away from you.
However, if you are NOT on AMP currently, don’t get back on by November 15, and then later decide you want to get back on AMP so that you can upgrade to a new version, you won’t have a perpetual license. If you then stop paying AMP in the future, Time Matters will no longer work for you.
Additionally, you want to make sure you renew each year in a timely fashion. If you don’t renew your AMP on time in the future, you will not have a perpetual license if you subsequently renew. You want to keep a perpetual license. You want to be on the most recent version. Be timely with your renewals.
Information Attached – Contact Us by Next Friday, November 15, 2020
Here are two documents that provide additional details:
- AMP True-Up Flyer – this will give you information about this deal.
- A flyer that discusses pricing, and changes that PCLaw|Time Matters has implemented under new management, including the $10 million investment that PCLaw|Time Matters has made.
