FAQs
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- Set up and populate your SaaS stack
- Integrate your ERP & Accounting software with Sastrify
- Tool Discovery via SSO (Single Sign-On) integrations
- Set Renewal Dates & Reminders
- Assign and modify Tool Owners
- Upload your SaaS documents into Sastrify
- Sastrify App Support: Assistance at your Fingertip
- Roll out Sastrify across your organization
- Sastrify's Commitment to Security and Privacy Standards
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- Google Workspace SSO Integration for Tool Discovery
- Enhance organizational SaaS management with HRIS Integrations
- Summary Tab for storing your subscription details
- Use Discovered Page to detect active subscriptions
- Tools and Spend Importer: Easily upload and visualize data in Sastrify
- Align vendor names using the Tool Matching feature
- Add Sastrify App to your Slack workspace
- Manually add a new tool subscription
- Bulk upload of SaaS invoices
- Forward your SaaS documents via email
- Change notification preferences
- Maximizing the benefits of the Overview page
- Manage activities and collaborate using custom tasks
- Task Automation: Streamline the creation of routine tasks
- Archive or delete inactive subscriptions
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- Utilize Usage Analytics for full usage visibility
- Integrate Pleo with Sastrify
- Validate and fine-tune spend data with the Spend feature
- How to connect Microsoft Dynamics
- How to connect Netsuite
- How to connect Quickbooks
- Import spend data from Candis to Sastrify
- Import spend data from Spendesk to Sastrify
- Import spend data from Pleo to Sastrify
- Import spend data from Moss to Sastrify
- Import spend data from DATEV to Sastrify
- Zoom Usage Analytics Integration Guide
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- Get Expert Procurement Support for New Purchases and Renewals
- Scope of Service: Custom Benchmarking & Contract Review
- Scope of Service: Negotiation & Renewal Support
- Scope of Service: Custom SaaS Optimization Advisory
- Purchase your SaaS through the SastriMarket
- Control your cloud costs with SastriCloud
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- ERP & Accounting Integration FAQs
- Discovery via SSO Integration FAQs
- HRIS Integration FAQs
- Usage Analytics FAQs
- Tools and Spend Importer FAQs
- Invoices FAQs
- Achieved & Potential Savings FAQs
- What is SaaS and Sastrify's scope of work?
- Who can invite a new user?
- Who receives the renewal alerts or reminders?
- How does Sastrify work with currencies?
- Is the spend data from accounting export always up-to-date?
- How to work with benchmark prices
- When and how to involve Sastrify in a contract evaluation or negotiation?
- How does Sastrify interact with SaaS vendors?
- How do you handle confidentiality clauses in vendor contracts?
- Does Sastrify handle SaaS contract termination?
- Why is contract data essential for benchmarking and negotiation support?
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- Connecting your accounting software with Sastrify
- How to assign Tool Owners
- What Sastrify can do for Tool Owners
- How to set renewal dates
- How to set up a company-wide renewal reminder
- How to keep your tool stack updated
- How to set up, activate, and use a Workflow
- How to invite new users to Sastrify
- How to use Procurement Initiatives for new purchase & renewal
- How to collaborate using custom tasks
- Report issues and track procurement involvements
- Best Practices on how to work with Procurement Initiatives
- How to set up direct usage analytics integration
- How to set up SSO usage analytics integrations
- How to work with the Discovered tab
- How to use subscription tags
- Walk-through of the subscription detail page
When and how to involve Sastrify in a contract evaluation or negotiation? Print
Modified on: Mon, 11 Mar, 2024 at 10:38 AM
IN THIS ARTICLE
This answer is very simple: the sooner, the better!
Engaging Sastrify's experienced procurement buyers and experts early in the process significantly enhances their ability to provide valuable support during pricing discussions.
For the introduction of new tools, it is advisable to involve Sastrify even before initiating discussions with the vendor or starting a trial. This ensures ample time for initial sourcing and preparation. By engaging Sastrify's procurement team right from the start, they can seamlessly introduce you to the vendor's sales representative and take charge of the entire process on your behalf, thereby saving you valuable time and effort.
In the case of renewals for existing tools, drawing from our extensive experience with various customers, we recommend initiating the renewal process 60 to 90 days before the actual renewal date. This proactive approach facilitates a smooth and successful renewal, allowing sufficient time for negotiations and ensuring continuity of services.
How to introduce Sastrify to a vendor?
For obvious reasons, it is not the best idea to introduce Sastrify's IT buyer who is supporting your procurement request to a vendor with the words "Sastrify will handle the negotiations" or similar. When the vendor hears the word "negotiation", the salesperson is alert and better prepared for the call. So what is the best way to introduce your buyer? Feel free to use the phrase below or modify it to suit your needs:
"Please meet Tim. He helps us in our SaaS tool selections and contracts and will reach out to you to set up a meeting."
This introduction pursues three goals:
- It gives the Sastrify's IT Buyer the authority to discuss contract details on your behalf.
- It adds bargaining power to the upcoming conversation by indicating that Sastrify is helping to evaluate the vendor's solution against alternatives ("threat of going to the competition").
- It does not directly show that your buyer is ready to negotiate
Email template
Feel free to use the following email template to introduce Sastrify to the vendors you already work with.
Hello [Vendor's Name],
[Insert your self-identification].
I hope this email finds you well. I am writing to inform you that we have engaged Sastrify as our procurement partner to assist us with our SaaS renewals and subscriptions.
For the [Select one: Renewal/ Pricing Discussion/Discovery Process/Evaluation Process] of [Tool Name], we have authorized Sastrify to handle the case on our behalf as part of our internal IT procurement process. To facilitate a smooth transition, I would like to introduce you to [IT Buyer Name]. While you will continue to have my point of contact and we will remain your end customer, please work with [IT Buyer Name] on all matters related to this case going forward and direct all communications to [IT Buyer Name].
As for the next step, Sastrify will be in touch shortly to introduce themselves and begin the process. Thank you very much.
Best regards,
[Your Name]
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