#contractrenewed

[procurementsharke]

Unmatched Expertise for Smarter Renewals!

With over 70+ years of experience, Procurement Sharks helps businesses navigate complex renewals, improve agreements, and achieve significant budget savings. Partner with the pros!

Key Benefits:

💼 Seasoned Experts: Work with leaders in technology sourcing. 📈 Ongoing Savings: Achieve year-over-year budget optimization. 🔧 Tailored Strategies: Receive customized renewal solutions.

📆 Don’t wait! Book a FREE consultation today and start saving with Procurement Sharks. Learn more: https://procurement-sharks.com/

[eternityparalegalservices]

Save time and money with contract management outsourcing. This approach helps businesses and law firms achieve cost-effective contract processes, reduce risks, and streamline operations by relying on skilled professionals and efficient systems.

[manchester-city-team-news]

🔴 Manchester City renew contract with Pep Guardiola. 

⚽ The main Manchester City news you will see here. Give that strength to our channel, subscribe, leave a like and activate the notification bell for new videos. That way you will be the first to be notified of Manchester City news. 

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 #contractrenewed #renewed #pepguardiola

[itsmejamesrhed]

The most simplistic way to define the hairstyle would be short sides and a long top! Try this popular trend and look youthful @ Macho Mucho! #MenOfMachoMucho #LiveUpgraded #MachoMucho #ContractRenewed (at Macho Mucho Davao) https://www.instagram.com/p/B8HxykXpfFd/?igshid=1cehx46f06h0p

[nigeriandj]

Guinness world record holder, Sensational #NDJ 𝐃𝐉 𝐎𝐁𝐈 bag another Year as #PepsiDJambassador 🍷😀 #NigerianDJ Big Congratulations 🍾🎈🎊 #PepsiAmbassador #DJobixPepsi #ContractRenewal #NigerianDJ (at NDJ) https://www.instagram.com/p/Ca906dwsh7k/?utm_medium=tumblr

[contraxaware]

How to Track a Long History of Contract Renewals with Changing Terms

Your long-term clients can have a complex history over the course of numerous contract renewals and multiple years with your business. While it’s essential to organize all of your contracts (and we have an in-depth guide for creating strong contract records here), renewing clients need extra attention. Those long-term clients are often more valuable to your business than new clients. They tend to spend more money, have a deeper trust in your business, and recommend that more clients come to your doors when you can offer valuable services to them.  They may also have a long history of changing contract terms over the course of those renewals. Their business has grown and changed. Your business has grown and changed. Also, your industry may even have undergone substantial shifts throughout the contract life cycle. As a result, you may need a unique strategy for keeping up with those changes in contract terms. 

1. Make sure that both you and the client are clear on the terms of the latest contract. 

Carefully highlight any changes to your current contract, especially changes made late in the approval process. Trigger reminders in your contract management system to help you meet important obligations. Make sure that you highlight changes made by your business — changed payment terms or new services, for example — as well as any changes made by your clients. 

2. Keep up with the previous versions of the contract.

Sometimes, either you or a client may want to revert to the terms of a previous contract. You might want to borrow language from a prior version of the contract. Alternatively, your client might want to renew services from a previous contract cycle that were contracted as you moved into this one. With the extensive storage available in our contract management system, you can easily keep track of all of these previous versions of a contract. This includes the version that you and the client finally signed and the versions you went through during negotiation.  Our contract management software also allows for clear version control. That means that when you pull up a client contract, you'll always pull up the latest version of the contract. You don't want to accidentally pull up an old contract, especially if you or the client have made dramatic changes to the current incarnation of that contract. Then, you may find yourself substantially over- or under-delivering. That might include delivering services no longer included in a specific contract or missing services that have been added to the newest incarnation of the contract renewals. With clear version control, you can more easily avoid these errors. 

3. Highlight changes in compliance regulations.

Compliance regulations across a wide range of industries can change dramatically over the course of your relationship with a given client. You must maintain appropriate security for all your clients. That includes payment compliance and security. You may also need to maintain HIPAA compliance or keep up with OSHA standards, depending on your industry. Those requirements can all change substantially from year to year. It’s important to note those changes within your contracts, ensuring that both you and your client or vendor remain in compliance. But you should also highlight them to ensure that the parties responsible for implementing those regulatory changes meet their obligations. By highlighting those differences, you can also make it easy to answer any questions a client or vendor might have about changing requirements.

4. Trigger reminders within your system, where needed. 

It's easy to lose track of your long-term clients’ contract renewals. You likely have staff in place to take care of their needs. But you may easily lose track of some of the details of managing that specific project. If this is a project you have dealt with long-term, you may forget that you need to have specific approvals or signatures. It’s especially easy to forget if the client doesn't stay on top of things on their end. Stay on top of deadlines to help maintain that great relationship with your client and ensure that you have time to handle your contractual responsibilities. 

5. Don't forget reminders for your contract renewals.

Is a long-term client's contract is up for renewal? Make sure you have adequate time to review the contract. Legacy contracts can contain terms that are no longer suitable for your business's needs. Not only that, you want your client or vendor to have time to review the contract. They need to be sure that it's meeting their needs, too. Starting that conversation early strengthens the business relationship. When you have a complex, long-term relationship with a client or vendor, you want to maintain that relationship. Effective contract management, including these five key steps, can make it easier to keep up with those contracts. Also, it will help stop your team from missing out on any important details. This doesn’t just help keep your relationship with that client. It also prevents you from lapsing in any contractual or legal obligations.  Schedule a 1:1 demo to learn more about how ContraxAware can help you manage your contract renewals year after year. Read the full article

[mostlysignssomeportents]

Comcast v Comcast

One of the arguments for  permitting monopolies is that they are "efficient." That's the logic under which Universal was allowed to acquire Comcast and NBC - the "vertical integration" would make all three companies better and we'd all reap the benefit.

It turns out that there are DISeconomies of scale, what Brandeis called "the curse of bigness" and really, the Universal-NBC-Comcast octopus is a poster child for that curse.

https://thedesk.matthewkeys.net/2020/10/comcast-warns-customers-of-dropping-comcast-channels/

Comcast has just informed its subscribers that they are at risk of losing access to "Bravo, CNBC, E!, Golf Channel, MSNBC, Olympic Channel, Oxygen, Syfy, Telemundo, Universal Kids, NBC Universo, USA Network and NBC Sports Network."

https://my.xfinity.com/contractrenewals/

That is, Comcast has warned its customers that Comcast might not license its channels to Comcast anymore.

This is a "carriage dispute" - a dispute over how much the cable operator will pay the broadcaster. It's a common dispute to have.

But in this case, Comcast's dispute is over the accounting fiction of how much one division of a vertical monopolist will nominally charge another to access its products.

Comcast's notice was triggered by a statutory duty to inform subscribers when a deal is set to expire with no new deal in place, and obviously Comcast can strike that deal with itself at the stroke of a pen.

But it's not clear why it hasn't done so already, sparing the company the baffling humiliation of sending out these notices. Perhaps it's because the contours of the deal may affect its licensing rates to rivals like ATT-Time Warner.

In other words, permitting Universal to buy both a cable operator and a zillion cable channels has put it in the position where to benefit one division, it may have to do serious harm to another.

Tell me again how monopolies are efficient?

[erpadvisorsgroup]

ERP Contract Renewal Tips

#ERP contract negotiations are complex, especially as businesses dive into #contractrenewal terms. On April 20th, Shawn Windle revealed exclusive, industry expert tips for negotiating the best deal on an ERP contract renewal on The ERP Advisor podcast! If you missed the live broadcast, you can tune in to the episode below ⬇️

[yaime69]

Two years ago today our story began... 💍👫💑🗝📝🔐💗💙#anniversary #secondanniversary #myMisterandhisprincess #relationship #domsubrelationship #togetherforever #ourlove #luringnight #contractday #contractrenewal #ourlovestoryismyfavorite

[manchester-city-team-news]

🔥 [BOMB] Player DECIDES and Tries Permancer in Manchester City, Wants to Renew.

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 #manchestercity #contractrenewal #cityteam #Ilkaygundogan #pepguardiola 

 Site : https://medium.com/@manchestercityteamnews

[depthsofasoulfulpoet]

"Where's the Climax?" #scripts #auditions #exhausting #samescriptdifferentdirector #thedatingstruggle #attractingsomeoneislikeanaudition #seasonlineupchange #cancelled #contractrenewal #searchingfortheoneistooexhausting #lifeosonebigaudition #getthepart #poetrycommunity #writersofig #writersden #writeroftheday #instapoetry

[drmiraf]

My staff nurse is so petit 🏁 #medicalcentre #prollyoneandonlyphotoatstartinggrid #motogp #contractrenewed #tilnext5years (at Sepang International Circuit)

[contraxaware]

Making Renewability a Top Priority in Your Contract Management Processes

Renewability: it's a top priority for your business, especially if you're highly focused on bringing in customers who will stay with your business long-term and increase their lifetime value. Are you paying attention to the right KPIs, or key performance indicators, that focus on your contracts' renewability? It’s important to shape your contract records around the principles that are best for your business. This article can help you start to identify strong KPIs. Make sure these KPIs are at the top of your list, too:

1. What percentage of your customers are already renewing?

Take a look at your contracts over their lifecycle. What percentage of your customers are renewing their contracts — and what percentage of your customers are falling away, either choosing not to renew their services at all or looking to your competitors for their needs in your industry? This metric can help you gauge the strength of your business as a whole. It’s just as important to take a look at what percentage of your income comes from annual or renewed contracts. Are you constantly having to look for new business, or noting that your business is currently in a state of growth? While it’s important to have new customers coming in on a regular basis, having a lot of your business's income is generated by repeat customers gives you stable growth.

2. What is the cost-effectiveness of each contract?

You carefully choose the terms of your contract, including what you will charge your customers, to ensure that it offers the maximum benefit to your business without overcharging your customers. If you want to check on your contracts' renewability, however, make sure you're focusing on the cost-effectiveness of that contract. A relatively low-risk contract with fairly high profitability is a contract you may want to set to auto-renew or renew for a longer contract term. Because it's highly effective for your business, you want to maintain this customer and work with them in the future. On the other hand, if a contract is not particularly cost-effective — it uses materials that are more costly than anticipated, or it has cost more in manpower than originally assumed — you may want to set that one in the "renegotiate" stack. In some cases, you may choose not to renew with your client at all. In other cases, you may prefer to take a second look at the terms. 

3. How much of the contract's value has been paid?

When you work for a client, you do it with the expectation of payment. As you focus on renewability, you don't just want to renew contracts. You want to renew effective contracts that are actually working for your business (and allowing you to pay your own bills on time). Before renewing a contract with an existing client, take a look at how much value remains in that contract. Check with your AR department to see if they have outstanding invoices or a history of late payments. A client who has failed to pay off the contract in a timely manner might not be one you want to renew a relationship with in the future. 

4. How long is your contracting cycle length?

In order to effectively focus on the renewability of your contracts, keep an eye both on your average contract cycle length and the average length of contracts with specific customers. It’s one of the eight top KPIs that measure contract performance. This allows you to accomplish a couple of different goals: By knowing your average contract cycle length, you can determine whether there are barriers in your contract approval process. Does it take you too long to move contracts through the approval process? Are there specific spots where your efforts tend to bog down? Take a look at your average contract cycle length and where it tends to stall, then make alterations accordingly.  By knowing specific contract cycle length, you can get a better idea of when you need to start working to renew a contract. If you have a client who often bogs down the negotiation process or who goes silent for a while rather than approving the contract immediately, start earlier than usual. You may need to allow more time to get that contract renewed than you do when working with a client who rarely needs to make serious alterations to the contract and who signs it quickly.  The contract cycle length can tell you where there are unexpected costs in dealing with the client. Many times, when you work with clients who are finicky or who take a long time to sign your contracts, you're losing money while you're waiting on them. Each time you have to create a new draft or move your contract back through the approval process, your team has to spend valuable time and effort on that client. That's not an expense that is written into your contracts, but it’s an expense you have to pay. As you work to make your contracts more renewable, you'll find that automating as much of the process as possible can streamline contract renewing processes. It also makes it easier to identify potential problems along the way. Setting auto-renew clauses, lengthening subscription-based contract terms, and monitoring payment history strengthens your customers’ renewability as a whole. The right contract management software also makes a big difference — both in identifying risks in your existing contracts and in making it easier to measure the achievement of KPIs that determine the effectiveness of your contract renewability efforts.  Read the full article

[razorsign]

Gain valuable insights on how to conquer CLM and contracting chaos with our Expert Guest Lucy Bassli of The InnoLaw Group, PLLC as she covers the current state of contract lifecycle management and the pain points organizations often face in their contract management processes.

To know more watch the webinar now: https://lnkd.in/d-tDn9_Q

#CLM#webinar #contractlifecyclemanagement #inhouselegalteams #ContractManagement #ContractSolutions #StreamlinedProcesses #ContractOptimization #ContractVisibility #ContractAutomation #ContractNegotiation #ContractRenewal #ContractMonitoring #ContractROI #ContractSimplification