Leverage alternative vendors to negotiate better pricing with Uptempo. Clearly communicate what other vendors are offering for comparable service, and ensure they understand that your finance team is considering these options seriously. This tactic can create urgency and prompt Uptempo to provide a more competitive offer.
Explain to Uptempo that your finance team seldom approves multi-year contracts for new vendors, pushing for significant discounts in return for committing to a longer-term deal. Position it as a rare exception requiring exceptional pricing—the potential for multi-year contracts often motivates suppliers to lower prices.
Compare Uptempo's pricing with those of competitors using market data to inform your negotiation. By presenting evidence of lower cost alternatives that offer similar services, you can strengthen your case for a price reduction and highlight the importance of securing value for your company.
If your company plans to scale up and add a significant number of users, use this planned growth as leverage during discussions. Emphasize the need for pricing structures that reward growth through economies of scale, and ensure that per-user costs decrease as your organization expands.
Emphasize the need to remove auto renewal due to internal finance/legal requirements before proceeding with the renewal. This gives you more leverage to negotiate terms and adjustments in the current contract.
Present competition as a viable alternative to the current supplier. Mention that you have received lower quotes from competitors for similar functionalities. This tactic creates pressure for the supplier to match or beat these offers.