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    • Digital Assessment Frameworks
  • Use Cases
    • Onboarding & Segmentation
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    • Performance, Scorecards & Reporting
    • SLA & KPI Processing
    • Contract & Obligation Management
    • Innovation, Issues, Change & Dispute Management
    • Structured Reviews & Action Tracking
    • Operational Risk Capture, Mitigation & Controls
    • Third Party Risk Management
    • Meeting Regulatory Compliance
    • Environmental, Social and Governance
    • Contract Assessments
  • Services
    • Fully-managed VendorOps Powered Vendor Management Office
    • Data Enrichment
    • Due Diligence / Risk Assessment & Periodic Refresh
    • Contract Compliance & Key Term Extraction
    • Renewal Management and Workload Planning
    • Custom Dashboards and Surveys
    • Vendor Tail Management Services
    • Vendor Management Maturity Benchmarking
    • VendorOps Trusted Advisor
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Solutions

Renewal Management and Workload Planning

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Brooklyn Renewal Management and Workload Planning

There are many ‘horror stories’ about supplier and enterprise services. Supplier licenses that have expired, automated renewals that failed to process due to the product’s license being out-of-date, or service downtime because of contract expiry. Brooklyn’s renewal manager and workload planning services ensure that your contracts are up-to-date so that you never find yourself at the centre of a supplier ‘horror story’.

Business Benefit

Your supplier calls to remind you that the renewal is due next week, or that you have several renewals all going through at the same time this month (when last month there were none)!

Managing renewals in a timely but adequate manner (whilst considering both cost and complexity) is a must to ensure value is kept at a premium level, and that you don’t fall foul of losing the reported 9.2% in value (or as high as 15% for larger enterprise-sized organisations).

Allow Brooklyn managed services to highlight when renewals are due. That includes a performance report considering price trends, drivers, forecast volume metrics, and SLA attainment. Allowing you to consider the best course of action to take and negotiate the best renewal possible.

Renewal Management

Our renewal management services:

  • Ensure that the contract has a saved renewal date and adequate warning window based on size and complexity.
  • Ensure the latest copy of the contract is stored and processed via the Smart-On-Boarding Engine.
  • Ensure internal performance evaluation sessions are completed with all stakeholders.

Additional Functions

In conjunction with the above workload, smoothing will be completed by:

  • Ensuring all renewals are distributed evenly throughout the year.
  • A good mix of complex and simple renewals is held each period.
  • Recommending contract length changes where possible to assist and speed up the optimum model.

Discover Our Services

01.
Custom Dashboards and Surveys

New legislative, regulatory change, security breaches or where vulnerability is detected requires mass supply chain engagement. Automate with Brooklyn.

Learn more
02.
Fully Managed Vendor Ops

Five service offerings layer seamlessly to provide the base data required to measure and assure customers of complete compliance across all in-scope contracts.

Discover more
03.
Vendor Tail Management Services

Manage 1000s of vendors at a fraction of the cost using E-Meet technology.




Learn more

Deal Signed. Time to Deliver.

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