Renewal workflows: Wefunder team doesn’t miss out on contract renewals anymore and saved 1000 hours annually on renewal time. Thanks to the workflows that begin 90 days before the renewal date, they have enough time to make proactive decisions on whether or not to renew the contacts.
In one instance, one of Wefunder’s high-spending vendors had a 60-day notice period for renegotiations or contract cancellations.
CloudEagle reminded the Wefunder team 90 days before the contract renewal date and informed them that the vendor requires a 60-day notice period for cancellation, or they will be forced to renew the contract.
Enough time to verify usage: The team used the 30-day window and identified that most of the application’s licenses weren’t being utilized for what they were paid for.
So, they canceled the contract before the notice period and switched to a cost-effective vendor, saving their SaaS expenses.
Stop losing valuable dollars to auto-renewals. Automate now and get ahead of SaaS renewals.
Wefunder is a renowned organization in the SaaS startup ecosystem that operates as a crowd-funding platform. It enables individuals to invest in their preferred startups with a minimum investment of $100 by connecting them with the startups and facilitating the purchase of equity shares.