Presenting competition as an alternative has been shown to yield the best negotiation outcomes. Establish a realistic scenario of potential churn and highlight any competitor that's offering similar functionalities at a lower price. Use this information as leverage during your discussions to encourage Abacum to match or beat the competitor's offer.
If evaluating alternatives isn't possible, emphasize to the vendor that you are considering other options for future purchases or renewals. Being upfront about this might convince them to offer more accommodating terms now, setting the stage for potential future negotiations.
During the negotiation, if you're looking to reduce your scope or volume of services, leverage your current utilization statistics to press for lower rates. Highlight that reduced usage should reflect a proportional decrease in costs as part of your renewal agreement.
Requesting the removal of any automatic renewal clause can be a good strategy to maintain negotiation leverage. Present it as a necessity based on new finance policies, emphasizing the desire for more flexibility and to avoid being locked into terms that might not suit your needs going forward.
If there are concerns about overages in your contract, monetary or otherwise, bring this up during your negotiation meetings and request elimination of these fees. This can be quite effective in reducing overall spending while still maximizing your access to necessary features.
Offering to serve as a reference or take part in a case study could be a powerful tool to use in negotiations. This can demonstrate your commitment to Abacum while negotiating more favorable pricing or terms in return for your marketing support.