What’s New in Productiv?
We’ve released a number of enhancements over the past month to help users better manage contracts and report on renewal savings. If you missed last month’s updates, view the May product blog to get caught up.
Edit contract IDs
Contract IDs are typically based on a purchase order number or contract number. However, this can prevent users from easily identifying a contract in certain cases, such as when an app has multiple contracts.
Users can now edit these contract IDs to assign a value that allows them to quickly identify the correct contracts and easily reference them in procurement workflows.
View contract detail badges
Users want a quick way to see what has happened with a particular contract.
When viewing the contract details for an app in Productiv, users will now see badges that indicate whether a contract was validated, its renewal state, and if it has been auto renewed or terminated and when.
Calculate cost avoidance
Users want to capture the avoided costs associated with contracts that aren’t renewed.
Productiv now suggests the total contract value (TCV) of the current contract as the cost avoided. If the user believes a different value more accurately represents the cost avoided, they can adjust it.
See renewal savings
Users want to quickly view the cost savings they are realizing from renewals.
Users can add a new widget based on the renewal report to their dashboard. They can decide whether to see renewals and associated savings for the previous 30, 60, or 90 days.
Update renewal report cost savings
When a user wants to edit the cost savings for a renewal, they should be able to change amounts immediately. The renewal report now allows users to update the cost reduced and cost avoided amounts from the page itself. Users can click on the columns and enter the new values.
Keep up with what’s new
We look forward to continued collaboration with our customers to further increase the value of their SaaS investments and drive next-level outcomes.
Not a customer yet? Schedule a demo of Productiv to see the power of SaaS Management built on SaaS Intelligence™.