Smart Renewal Management


Smart Renewal Management: Optimizing efficiency, boosting revenue

In business, change is constant. Products, services and pricing are dynamic and every quote demands input from many stakeholders. Certain industries – insurance, for example – renew existing plans, subscriptions or licenses by generating a new quote from customer assets and then adjusting, as needed. The typical contract renewal process is time-consuming, error-prone and resource-heavy, requiring days of work across multiple departments.

FPX Smart Renewal Management not only automates the renewal process but also minimizes error and maximizes the value of every sale.

Discover the FPX differnece by contacting us today.

FPX CPQ solutions make it possible to keep up with the constant changes of modern business by offering real-time updating and other time-saving functionality

Designed for immediate use.

Out of the box, our Smart Renewal Management application:

  • Identifies contracts due for renewal.
  • Defines milestones and assigns responsibilities.
  • Lets you control whether workflow processes are automatically triggered as the result of creating or updating a quote, product or proposal.
  • Seamlessly integrates with Salesforce for enhanced import mapping to FPX Smart CPQ or directly to a product configuration.
  • Automatically creates accounts, contacts, notes, opportunities, quotes and proposals, using the renewal import mappings.
  • Gathers all relevant service, asset and entitlement data.
  • Attributes price optimization.
  • Prescribes logical add-ons, guided by FPX Predictive Analytics™.

Designed for immediate benefit

Once the renewal process is in play, FPX SRM:

  • Centralizes the entire deal in one secure location.
  • Enables every sales rep to view the status of any deal and all steps required to close.
  • Tracks all changes, contributors’ notes and edits
  • Alerts you to warning or errors, if any occurred during the renewal process.
  • Identifies any party stalling the process and sends an automated reminder to keep progress moving.
  • Double-checks quotes for accuracy, against your most-up-to-date pricing.
  • Automatically sends completed documents to all parties for online approvals and e-signatures.