As the January blues set in after the festive season, many people start planning holidays to have something to look forward to. Similarly, if the thought of upcoming software vendor renewals in 2025 is weighing on your mind, don’t worry—we’ve prepared a software vendor key dates calendar and some practical tips to help you navigate this process and lock in the best deals.
One of the most overlooked opportunities for cost savings lies in the timing of these renewals. Aligning your renewal dates with the vendor’s year-end can significantly increase your chances of securing the best discounts. Here’s how to prepare effectively and maximise your savings.
Know your software vendor key dates to secure best deals
Vendors are highly motivated to close deals before their fiscal year-end to meet sales targets, often resulting in aggressive discounting and more favourable terms for customers prepared to negotiate. Shifting your renewal date to align with the vendor’s year-end can enhance your bargaining power and significantly increase the likelihood of securing better discounts.
Understand Your Effective License Position (ELP)
Preparing for vendor renewals is not just about timing; it’s also about understanding your current licensing position, including any over or under-licensing, so you can negotiate from a position of strength. Having this knowledge alongside timing your renewal to the vendor’s year-end can amplify your negotiating power.
Future strategy alignment
Vendor renewals are an opportunity to align your licensing agreements with your organisation’s strategy. By leveraging the vendor’s year-end urgency, you can secure more favourable terms that support your long-term IT goals.
Maximising savings on software vendor renewals requires strategic planning, timing, and a good understanding of your licensing position.
To download the vendor key dates calendar and best practice tips for planning and maximising savings, simply complete the form at the top of the page.