Partners Helping with Lifecycle Management and Co-terming of Cyber Contracts & Product Suites

Описание: Managing enterprise contracts across servers, storage, virtualization, identity management, networks, and telecom creates a maze of renewal dates that can catch even the most organized teams off guard.

Add multiple vendors and product suites with different end dates, and the complexity becomes overwhelming fast.

Dan Lepine from Epicor reveals the harsh math of contract lifecycle management: without quality internal procurement teams and trusted external partners helping track everything, you're headed for disaster.

Even within single vendor product suites, different components often have staggered renewal dates that require careful coordination to achieve co-terming benefits.

The stakes are high when unexpected renewals hit.

Budget planning becomes impossible when contracts renew at random intervals, and emergency procurement decisions rarely result in favorable terms.

Quality external partners become essential extensions of your procurement team, tracking renewal schedules, identifying co-terming opportunities, and ensuring you never slam headfirst into unexpected contract walls.

The investment in partnership coordination pays dividends in budget predictability and negotiating leverage.

How does your organization coordinate contract renewals across multiple vendors and product suites to avoid budget surprises?