SaaS purchasing insights
An interesting read about SaaS purchasing insights. Renewals can take 50% longer and an element is Vendor response times.
SaaS Purchasing Insights Q1 2024 | Vertice
When it comes to software spending, renewals have always accounted for a much larger slice of the pie. And often for good reason – familiarity, cost-effectiveness, minimal disruption.
Aimee ManningContent Manager
“According to our data, renewals often take 50% longer to negotiate than new purchases, with the latter taking an average of 25 days, compared to the 37 days it takes for companies to renew their applications”
Good to consider if you’re planning a change or spend reduction.