Definition
What is renewal opportunity?
A renewal opportunity is an upcoming contract renewal where usage data supports cutting seats to the size you need or negotiating a better rate before you re-sign. Timing matters: negotiating power peaks about 60 days out. Spendassay surfaces renewals early with a negotiation package: current spend, a cited public benchmark, and the seat count your own usage justifies.
Every figure Spendassay publishes about renewal opportunity carries a proof level saying how much guessing sits behind it, and opens to show the rows it was computed from. The full method is on the methodology page.
Related definitions
The full glossary · the AI cost management guide · cost per outcome
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