Leverage any competitor offerings or quotes to bolster your negotiation with Mosaic Tech. By bringing in competitor pricing as a baseline, you can create pressure on Mosaic to match or provide better value, especially if you highlight their features and pricing differences. This will make the case that while you prefer Mosaic, budget constraints require you to consider alternatives.
Address any potential overage fees proactively in your negotiations. These fees are often negotiable. Reference your prior agreements to justify a request for waiving overages, especially if your usage has stabilized or if you've experienced underutilization in the past. This could lead to not only a waiver but also a re-evaluation of what you're locked into at the current pricing.
Focus on eliminating any annual uplift that might have been introduced for this renewal period. Emphasize the need for consistent pricing year-over-year in line with your historical contract value. Showcase any product delivery difficulties and emphasize that the expected budget increase was not factored, justifying your request for removing the uplift.
Conduct thorough market research on similar solutions available to strengthen your negotiation position. This includes checking what features competitors offer at what price points. The findings can be essential in persuading Mosaic Tech to adjust pricing and improve contract terms based on competitive offerings.
Offer to act as a reference case for Mosaic Tech as part of your negotiation. This can be a win-win situation that solidifies your commitment to the vendor in exchange for preferred pricing. By positioning yourself for collaborative marketing efforts, you can lower your costs while providing value to Mosaic.
If you are hesitant about the long-term commitment due to uncertainty about product performance, ask for month-to-month or shorter-term agreements. This tactic allows you to evaluate the service thoroughly before locking in a longer contract, ensuring that you’re comfortable with the product and its fit for your organization’s needs.