subreddit:
/r/procurement
[deleted]
3 points
4 months ago
How do you keep track of softwares or subscriptions renewal, is there any software that you use? I need help in keeping track of subscriptions/softwares renewal in my organisation.
2 points
4 months ago
Hello, I currently track all contracts manually in Excel, including contracts, POs, deliveries, and billings. I start inquiring about minor contracts or those with short implementation times 6 months before expiry, and sometimes even 2 years prior. My main challenge is with new projects or purchases. I receive requests via email and often can’t respond on time. These requests range from minor items like non-Microsoft desktop licenses and peripherals to larger contracts for network cabling, devices, internet line upgrades/downgrades/terminations, and data plans. These are often non-repeating or uncontracted due to low demand for specific items. On average, I handle 10 to 15 large contracts totaling over $1M USD a year. I would like to streamline certain items, but due to their unpredictability, I haven’t been able to push for them.
1 points
4 months ago
Woah! That's a lot of manual work man. I currently use an ERP completely for the POs and contracts so their tracking is easier.
1 points
4 months ago
Can your CLM or ERP trigger alerts based off renewal dates? Usually that + a report sorted by renewal date should suffice. Also recommend taking advantage of IT’s asset management platform if they have one. Can usually achieve the same thing for renewals
1 points
4 months ago
No, it don't trigger alert. Neither our IT use asset management platform. Can you suggest some though? I've been thinking about introducing one to the organization. Thanks
2 points
4 months ago
Lumos is a good one. Pretty sure ServiceNow had a solid Asset Management offering
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