Contract renewal plan
Agreements expiring in the next four quarters, their escalators, their realization, and the position to take on each.
The business question
Which agreements expire soon, and what position should we take on each?
What it does
Lists agreements expiring over the next four quarters with their escalators and realization, and assigns a renewal position by performance. Renewal approvals run through the workflow.
What’s inside
Composed from the platform’s own objects, so it is a configuration you can open, not a document.
- View: expiring agreements with realization
- Ruleset: renewal position by performance
- Workflow: renewal approvals
Uses these metrics
The measures that call for this template when they move, each with its own page.
- Group-level price overridesMetricAct when: Frequent large-scale adjustments
- Contract renewal upliftMetricAct when: Below plan on any agreement above x in value
- Contract price lagMetricAct when: Over five points on agreements older than twelve months
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
See this template in Revomo.
We will show the Contract renewal plan running on representative data, or on a slice of your own, and what it would take to run it on yours.