Forescribe Glossary
What is Smart Renewal Workflow?
The Smart Renewal Workflow automates the process of evaluating, negotiating, and renewing SaaS contracts, providing recommendations based on usage, pricing trends, and vendor performance.
Why it Matters
It streamlines the renewal process, reduces the risk of missed deadlines or auto-renewals, and ensures that contracts are renewed under the best possible terms.
Benefits
- Automates contract renewals
- Reduces renewal risks
- Ensures cost-effective negotiations
- Improves contract management efficiency
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