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Here's How to Use AI to Manage Your Software Renewals
Learn how other teams are doing it across their procurement process - from sample scenario prompts to ROI measurement metrics and more
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If you're not using AI to fast track software renewals, it's time to catch up. After all, 70-75% of procurement work is tied to managing your renewals. And the average company like you? Probably handling around 200-600 software contracts annually (depending on size).
That's a ton of manual, administrative work. But using AI can streamline many areas like spend analysis, contract review, supplier/pricing research, negotiation/decision support, and more.
Dig inside this playbook:
- 5 ways to use AI in your renewal workflow - Use cases from other teams + sample prompts
- 5 steps to AI-powered purchase & renewal decisions - Data auditing, scenario planning, human validation, etc.
- 3 ways to measure AI ROI in procurement - Hard, operational, and strategic ROI
- 12 copy-and-paste ready ChatGPT procurement prompts
If you're not using AI to fast track software renewals, it's time to catch up. After all, 70-75% of procurement work is tied to managing your renewals. And the average company like you? Probably handling around 200-600 software contracts annually (depending on size).
That's a ton of manual, administrative work. But using AI can streamline many areas like spend analysis, contract review, supplier/pricing research, negotiation/decision support, and more.
Dig inside this playbook:
- 5 ways to use AI in your renewal workflow - Use cases from other teams + sample prompts
- 5 steps to AI-powered purchase & renewal decisions - Data auditing, scenario planning, human validation, etc.
- 3 ways to measure AI ROI in procurement - Hard, operational, and strategic ROI
- 12 copy-and-paste ready ChatGPT procurement prompts
If you're not using AI to fast track software renewals, it's time to catch up. After all, 70-75% of procurement work is tied to managing your renewals. And the average company like you? Probably handling around 200-600 software contracts annually (depending on size).
That's a ton of manual, administrative work. But using AI can streamline many areas like spend analysis, contract review, supplier/pricing research, negotiation/decision support, and more.
Dig inside this playbook:
- 5 ways to use AI in your renewal workflow - Use cases from other teams + sample prompts
- 5 steps to AI-powered purchase & renewal decisions - Data auditing, scenario planning, human validation, etc.
- 3 ways to measure AI ROI in procurement - Hard, operational, and strategic ROI
- 12 copy-and-paste ready ChatGPT procurement prompts
Spend Management Is a Competitive Advantage
Companies are spending millions on growth software, but without intelligent spend management, they’re bleeding cash through inefficient processes. Prioritizing spend management delivers benefits across the entire organization, not just in finance. Yet, many businesses are quick to invest in sales and marketing tools while neglecting spend control—and that discrepancy is costing them. This report shows how modern spend management delivers greater ROI and helps you build the case for necessary resources.
Without it, you’re wasting time on manual tasks that could, and should, be automated.
Spend management isn’t just back-office—it's fueling top-line growth.
Integrated systems mean better control, fewer errors, and more impact.