MISSING OUT ON RENEWALS MEANS LOSING EASY MONEY
For most companies, the process of executing contracts and subscriptions is an exercise in data hunting. Sending e-mails. Checking multiple systems. Building spreadsheets. Reading PDFs. Complaining about bad CRM data. Even companies with dedicated renewal teams constantly struggle to understand what’s been sold, the current pricing and existing entitlements.
Forget thinking strategically about where to increase prices and whether to upsell when you can’t even calculate the renewal date. It’s both inefficient and ineffective—and it’s costing you tens of millions of dollars of revenue every year.
If only sales execs and renewal teams had immediate visibility into the most current information, like which contracts have fixed terms, which ones are coming up for renewal next, what products are in use currently and can I uplift prices. Then you could:
Improve renewal/retention rate
Improve renewal team productivity
Improve price increase capture
Improve renewal process efficiency