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Renewal Management

 

Capture more recurring revenue

 

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

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Get Started

Case Study: An American Telecommunications Company
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Renewal Management Overview
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Why Pramata Now?
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WHY PRAMATA FOR RENEWAL MANAGEMENT?

Pramata closes the data gaps in your business process by automating the digitization, normalization, and quality control of data from contracts and existing business systems

 
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Automated renewal data. Synthesized calculation of renewal dates, products, and pricing based on contract documentation, amendments and order management data.

Always up-to-date. Stop the year-end scramble. Pramata data refreshes automatically—as soon as new contracts are signed, old contracts are renewed or terminated.

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Found revenue. Know with certainty where you can increase recurring revenue based on defined contract terms.

Easy enablement. Easily access customer renewal data and documentation at the account level from within your CRM and take immediate action.

 
 

PRAMATA FEATURED 

RENEWAL MANAGEMENT SOLUTION APPS

 
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Contract Repository

Digitize and centralize all customer contracts, amendments and SOWs

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Renewal Manager

Consolidate and present timely data to identify and address renewal opportunities, promoting proactive planning to address renewal needs

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Customer Insight

Provide access to customer documentation and data in CRM account pages

 
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Revenue Opportunity Manager

Find ways to increase prices, pass-through costs, and improve customer profitability based on financial terms in contracts

 
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