You bought the software and now your business is running more smoothly than you ever imagined, however there is one more important step you don’t want to forget: mark your calendar with the contract deadlines. Taking a minute or two to schedule a reminder can potentially save you from a massive headache down the road.
Go through the contract and if you need to cancel an automatic renewal before a certain date, put it in your calendar. If the negotiated price is already set to increase by a certain amount after a year, put that in there too. These decisions and dates may seem far off in the future, but that’s exactly why even the most organized person is likely to forget about them.
Better yet, consider setting another alert slightly ahead of the deadline to reevaluate how well the software is working for your company. Even if you do decide to continue with the same software, the reevaluation process may help you decide which features are the most important to your renegotiations. Don’t let a contract expiration date surprise you; instead use it as a chance to make sure you are still getting the most out of your business contract management software!
