What is Renewal Risk Score?
A calculated score that quantifies the risk associated with an upcoming contract renewal based on factors such as low usage, poor ROI, or user dissatisfaction.
Why it Matters
Prioritizes contracts that need attention before renewal, guiding procurement and IT to review underperforming or at-risk tools, which leads to smarter decision-making.
Benefits
- Renewal risk quantification
- Focus on low-value tools
- Smart contract prioritization
- Avoids wasted renewals
