Introducing competition during negotiations can significantly bolster your negotiating position. By quoting competing offers and highlighting their advantages, you can convincingly urge Cyberhaven to match or better the competitor's proposal. This tactic emphasizes the urgency and necessity of cost-effectiveness, making your financial restrictions clear and urging them to offer better terms to keep your business.
Challenging the proposed uplift based on your current budget constraints can lead to reduced costs. By communicating that your annual budget does not accommodate uplift increases and using your historical data as a reference, you can negotiate for favorable terms that align with your financial capabilities.
Addressing overage fees proactively during the renewal conversation can often lead to these fees being waived. Leverage your current usage data to highlight your organization's growth while emphasizing that additional fees were not originally a part of the agreement, which might encourage Cyberhaven to negotiate more flexibly.
Requesting a shorter contract term or month-to-month payment option can provide flexibility and lower risk, especially if your leadership needs more proof of ROI from Cyberhaven. By showing that you are evaluating the tool for future usage rather than locking into a lengthy financial commitment upfront, you can leverage this to negotiate more favorable pricing.
Emphasizing the need to have the auto-renewal clause removed can enable future negotiations for better terms and prevent unanticipated costs. Highlight your organization's policy mandates that reject auto-renewals as a measure to maintain financial discipline.