Presenting competing quotes as alternatives has proven effective in negotiations. By mentioning that other providers have offered lower pricing for similar functionality, you can apply pressure on EY to reduce their quoted price. Ensure that you frame the competition realistically to reinforce your negotiating position.
In situations where you anticipate a significant cost increase, emphasize strict budget constraints, making it clear that a drastic reduction in services will accompany a proportionate increase in costs. This tactic can help in negotiating better pricing while communicating your requirements effectively.
Addressing potential overage charges upfront can be a powerful tactic in negotiations. If EY attempts to impose additional fees due to overuse, you can counter by suggesting that such fees should be waived, especially if your usage patterns are expected to stabilize in the future.
You can leverage the removal of auto-renewal clauses to maintain negotiating power. Making it clear that your finance team prefers not being bound to automatic renewals can provide leverage in future contract discussions.
Offering to participate in case studies or serve as a reference can be a valuable negotiation tool. Highlight how your commitment would be beneficial for the supplier’s marketing efforts and how they could reciprocate this by providing pricing concessions.