Stay on top of your renewals

Overview

Spendflo’s Intake to Procure platform provides an extensive renewal management onboarding process, right after setting up the procurement process. Completing these steps can help ensure the timely and efficient renewal of agreements/contracts, licenses, and subscriptions necessary for onboarding. This predominantly involves tracking expiration dates, initiating renewal discussions, and securing approvals to prevent service disruptions.

Key Benefits

Onboarding steps such as completing your organization profile, centralizing contract data, and enabling real-time updates are essential for renewal management. Completing your organization profile ensures all necessary information is configured for effective system operation. Centralizing contracts consolidates all renewal-related details, eliminating the risk of missed renewals. Real-time updates keep users informed of upcoming renewals, allowing for proactive decision-making and negotiation. 

By completing these steps, users can manage renewals with ease, avoiding lapses in service and maximizing value from vendor relationships. Within the Spendflo platform, the following tasks are to be completed:

Managing your renewals

Step 1. On the onboarding home page within the platform, click on the “Stay on top of your renewals” tab to get started. This unveils a dropdown of the tasks related to the onboarding step.

Step 2. Click on the first task, “Complete your Organization Profile” and then click on the CTA “Complete Organization Profile”.

Step 3. This redirects you to the Settings page –> Organization Profile, where you can configure all the organization and contact details under multiple departments - Finance, Infosec and Legal.

For more information on this, read this help article.

Step 4. Next, from the onboarding page, click on the second task, “Centralize contract data” and then click on the CTA “Add Agreement” to proceed.

Step 5. This redirects to the Vendor Management –> Agreements page for adding an agreement to the platform.

For more details on how to add agreements, click here.

Step 6. Click on the third task, “Get real time updates” and then click on the CTA “Connect Slack” to proceed.

For more details on integrating Slack, click here.

With these steps done, all the steps under “Stay on top of your renewals” reach the completed state.

For further onboarding setup on the Spendflo platform, click here.