Why Companies Fail At Negotiating Software Contracts

Mike Austin says companies waste money on software contracts because they hand negotiations to one person without the right skills. He recommends building a cross-disciplinary team covering business, ops, tech, and law to get better deals and guaranteed ROI.
Questions this video answers
Mike Austin.
February 19, 2021.
Chapters
Do you wonder if it's even possible to negotiate a better software contract when every company is more reliant on their software products now more than ever before? Do you feel like your leverage against your software providers is diminishing faster than usual? Are you worried that any attempt at a negotiation may backfire and create a riff in your company's software partnerships? Or do you believe that asking for software contract help will make you look bad if your colleagues or CIO finds out? Sorry to break it to you, but the reason your software contracts keep rising each year is because you actually do need some help, but not just any help to successfully negotiate cost out of your software contracts while staying compliant and preserving relationships. You need more than just a guy to help you do this. This is because handing off negotiations to just anyone in your organization is a huge risk, audit and budget wise. It's come to the point that we usually see a negotiation that starts like this fail nine times out of ten. And let me explain, for that sole person to negotiate you a better contract than your last one, they would need to be well versed in business, operations, technology, management, software, contract law, and also be an experienced negotiator all at the same time. The odds are that person you've appointed to lead the negotiation does not have all of those skills. And let's be real here, the ones who do have all of those skills are not working for an organization. Which brings us back to the main point. To actually get hundreds of thousands or even millions of dollars off of your next contract renewal, you need a team to negotiate for and with you to get the best results, the best leverage, and to steer you into legal compliance. In this day and age, no matter what your software situation is, we have a team that can get savings results you wouldn't believe possible. And if you invest in us, we can guarantee a return on that investment in the form of contract costs saved and future proofed. If you want to know how much money you can save your company by using expert contract negotiation services, click the link in the description below. It'll take you to the Negotiation cost quiz where you can find out a rough estimate of how much this service will cost you and how much you can expect to save at the same time. Thanks for watching this video. We look forward to helping you save on your software contracts. And don't forget to hit that subscribe button.
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