Every business in the hyper-growth phase buys, upgrades, and renews multiple SaaS tools. Streamline this with the Spendflo bot in Slack.
The sooner these procurement requests are addressed, the smoother business operations will be able to run. In fact, when it comes to renewals, proactive decisions need to be taken at least 120 days prior to the renewal date in order to right-size it and get the best deal.
But in reality, we see huge backlogs of SaaS purchase requests stuck in multiple email threads.
This is when real-time SaaS request notifications within your virtual workspace become a game-changer.
That’s why, at Spendflo, we’ve integrated with Slack to reduce the friction of SaaS approval and fast-track them.
Real-time notifications in the Spendflo Slack bot allow you to go through an overview of the request and accept or deny it - all within Slack!
Never miss a renewal deadline with the Spendflo + Slack integration.
Whenever a SaaS software is up for renewal, the admin gets notified on their Spendflo Slack bot which will guide them to Spendflo to take further action.
As we always say, proactively negotiating your contracts 90-120 days before your contract ends is essential. It gives you the time to figure out your future requirements vis-a-vis the particular tool and negotiate for the appropriate terms and price. If financially/operationally the tool is no longer a fit, which can happen when a company grows, it gives you sufficient time to evaluate an alternative.
If you are someone who has your SaaS tools on auto-renewals, do read our blog on why it isn’t the best practice to follow when it comes to renewals.
With the Spendflo Bot, the requester is notified approximately 2 or 3 months prior to the end of the contract.
If the requester doesn’t submit the renewal request, then the department head or the admin will get a notification approximately a month prior to the end of the contract.
Want to streamline your Saas buying and optimization process for your hyper-growth business? Feel free to book a demo with us.