Contract renewal price optimization
The renewal position per agreement that closes the realization gap at the lowest churn risk.
The business question
What renewal position closes the realization gap at the lowest churn risk?
What it does
Optimizes the renewal position per agreement using the churn-risk model and lists renewals with their expected outcome.
What’s inside
Composed from the platform’s own objects, so it is a configuration you can open, not a document.
- Optimizer: renewal position
- Model: churn risk
- View: renewals with expected outcome
Uses these metrics
The measures that call for this template when they move, each with its own page.
- Price realization indexMetricAct when: Below 95 on any national account, or a two-point drop in a quarter
- Contract renewal upliftMetricAct when: Below plan on any agreement above x in value
Commercial context required
What Revomo reads to run it. Everything else in the template is derived from these records.
- The governed commercial context: customers, products, transactions, prices, costs and agreements
Relevant industries
All industries
See this template in Revomo.
We will show the Contract renewal price optimization running on representative data, or on a slice of your own, and what it would take to run it on yours.