Emphasizing the removal of auto-renewal can help the negotiation if you make it clear that your finance team requires this to maintain options for future flexibility. This tactic leverages the company's desire for control over their contract terms and provides a firm basis for negotiating further benefits.
Negotiating to waive overage fees during the renewal conversation can lead to significant cost savings. It's effective to discuss the overall growth and usage needs of the product and argue for no penalties on overages, especially if your team intends to increase usage.
When faced with an uplift in pricing, anchor your budget discussions at or below last year's total to push for a price reduction. Demonstrating underutilization can help convince the vendor to align the rate to last year's pricing rather than allow a percentage increase.
If your organization plans to increase the number of users significantly, leverage this growth during negotiations to secure better rates. Remind the supplier that economies of scale should apply as additional users are added.
Introduce competition as a negotiation tactic by presenting alternative quotes from similar services at lower costs. This can strengthen your bargaining position and prompt the supplier to offer better terms to retain your business.
Considerations when buying Nooks
OwnershipNooks
Fiscal year endNot specified
Upgrades/downgradesYes, Nooks offers both upgrades and downgrades for its services, making it easy for users to adjust their resources as their needs change.
Redline thresholdRedline threshold estimate is $50k.
What real buyers recommend in the negotiation process
Company with 201-1000 employeesThis year
On the initial proposal Nooks were only willing to incentive the multi year agreement.
Company with 201-1000 employeesA while ago
We secured a 39% discount on a new purchase with Nooks by leveraging completion with Orum.
Company with 201-1000 employeesA while ago
We achieved a 15.23% reduction in the annual user rate, resulting in a $37,400 savings from the initial proposal. Key concessions included adding nine additional users, removing auto-renewal, and an annual upfront payment for a 12 month agreement.
Additional Info
What is Nooks?
Nooks powers AI-driven outbound sales with prospecting, parallel dialing, and coaching to boost connects and double pipeline.
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