An Automatic Renewal Clause states a contract will be renewed for a certain Period without Notice by a Party unless that Party receives Notice of non-renewal from the other Party before a specified date.
If your business lacks visibility of these clauses, contracts can auto-renew and lead to delinquent spend.
Gatekeeper provides visibility of automatic renewal clauses by allowing you to capture them in a central repository.
You can also set automated reminders to alert you and your team about upcoming renewal dates - allowing you to act ahead of time.
Watch our Proactive Renewal Management webinar to find out more.