Emphasizing the removal of auto-renewal can be a strategic move in negotiating Nintex contracts. This approach gives your organization more control over future expenses and enables you to reassess the contract's value before any renewal takes place, enhancing your negotiation power. Make it clear that finance requires this change to mitigate risks and ensure thorough evaluations each year.
Advocate for the removal of any proposed uplifts during contract renewals. Given that the pricing model should reflect the growth in contract value without increasing costs unnecessarily, you can emphasize that prior agreements did not have uplift clauses, making this a significant point for negotiation.
Leverage competitive quotes during negotiations with Nintex. By presenting a comparison with competitors that offer similar capabilities at a lower price, you can create urgency and motivate Nintex to enhance their offer to remain competitive. Always position your organization's interests firmly, with finance tying the decision to specific budget constraints.
In negotiations, emphasize that multi-year commitments are seldom accepted by your finance department without significant discounts, making them a rarity. By framing your organization as cautious regarding long-term contracts with new vendors, assure the vendor that you are seeking better pricing for a favorable renewal option.
Acknowledge that discounts historically provided were not designated as one-time offers and express that your current budget constraints necessitate a similar reduction moving forward. Establishing expectations for sustainable pricing can yield beneficial outcomes during negotiations.