This tactic involves presenting competitors as a viable alternative during the negotiation process. It's most effective when you can express that another supplier is quoting a significantly lower price for similar functionality. By highlighting this, you create pressure on Relyance AI to match or provide better terms. The key is to emphasize that while you prefer Relyance AI, financial constraints are forcing you to explore competitive options.
Emphasizing the need to remove auto-renewal terms can significantly improve your negotiating power. Suppliers are often willing to accommodate this request in order to secure your business, as it provides you with enhanced flexibility in managing your budget and prevents unexpected costs. Make it clear that your finance team has imposed this as a requirement for any new purchases.
This tactic involves negotiating for the removal of any proposed uplift in the pricing. You can argue that given your expected volume and utilization, there should be no increase in price to maintain a stable pricing structure year-over-year. It's effective to anchor your request based on past agreements where no uplift was discussed.
Offering to act as a reference or participate in case studies can be a fruitful negotiation tactic. This serves as a value-add for Relyance AI, especially if effective marketing is important to them. In exchange, you should negotiate for a better pricing structure which reflects this commitment.
If a discount has been previously mentioned but labeled as a one-time offer, pushing back on this characterization and insisting that it should be extended could yield cost reductions. Reinforce that your finance department has allocated a specific budget that relies on this pricing adjustment, ensuring that your requests stay aligned with organizational constraints.