Use Case

SaaS Contract Management

SaaS contract management plays a crucial role in IT cost optimization initiatives as overspending on unused or redundant SaaS licenses and unneeded services is a major source of avoidable waste in IT spending.

A rigorous SaaS contract management program, supported by the right solution prevents surprise renewals and helps negotiate better terms for new contracts and contract renewals.

Benefits of data-driven SaaS contract and renewal management program

100% visibility over all your contracts in a trusted system of record

Up to 30% cost savings from proactive negotiations and renewals

Up to 50% faster procurement and renewal decisions

Make informed SaaS procurement decisions

Take control of your SaaS contracts. Effectively negotiate contracts for new SaaS purchases and renewals based on real usage data and historic spend.

Gain complete visibility into your SaaS contracts

Consolidate your contracts in one system of record for streamlined tracking
Easily search, sort, and filter contracts based on attributes such as discovery source, provider, contract type, and business owner.
Define and track additional information for all contracts using custom fields

Effortlessly add and manage contracts

Add new contracts with pre-defined data fields using an easy-to-use interface, via Excel or flat file import
Improve data accuracy for contract values using multi-year and multi-currency functionality
Gather input for renewals from all relevant stakeholders through targeted alerts

Keep track of committed spend

Ensure data completeness through continuous addition of new SaaS contracts
Track changes to committed spend with realtime updates as contracts are added
Visualize the impact of prospective and anticipated future contracts on committed spend

Proactively manage contract renewals

Leverage the contract timeline to keep track of all upcoming renewals
Get complete transparency into your contract renewal process with Renewals Board
Instantly access contract terms such as value, length, renewal type, business owner, etc. to start the renewals process
Track all necessary steps needed to take the renewal decision for each contract