Sales Representatives receive notifications about upcoming contract renewals, allowing them to prepare and negotiate effectively, thus maximizing the chances of securing renewals.
How organizations use it
As an Account Manager for XYZ Corp, you manage a large number of client accounts. You want to ensure that you are aware of upcoming renewals well in advance to prepare and negotiate effectively. You set up the "Upcoming Renewal Alert" signal to notify you 60 days before each renewal date.
Now, whenever a contract renewal is 60 days away, the system will send you a notification with the opportunity details.