Create a central repository for all vendor agreements with renewal dates and termination clauses.
Note cancellation deadlines (usually 30-90 days before renewal) to avoid unwanted renewals.
Track annual costs and identify opportunities for renegotiation or vendor consolidation.
Alert stakeholders 120 days before renewal to begin price negotiations.
Cancel unwanted contracts before automatic renewal kicks in.
Renegotiate better rates when you have advance notice.
Identify duplicate services and consolidate vendors.