Salesforce Engagement Success Story: Optimizing Cost and Governance for a Global Technology Company
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Salesforce Contract Optimization: $2.6 Million Saved for Global Technology Company
A prominent global technology company partnered with The Negotiator Guru (TNG) to streamline and optimize their existing contract with Salesforce. The client's objectives were twofold: to ensure they were paying for the licenses they actually needed (right size) and to secure the best possible pricing. The successful outcome of this engagement resulted in an impressive $2.6 million in cost savings and a delighted client who expanded the utilization of TNG's services across their enterprise.
Our Approach
Leveraging our proven 4-step IT Software Negotiation Process, we executed the following key activities to achieve optimal results:
Step 1) Discovery
Recognizing a lack of Salesforce governance within the client's organization, we swiftly engaged with the client to assess the current state. We discovered that although they had a Salesforce Administrator, their role was primarily technical, with limited accountability for license compliance and governance. This insight highlighted a crucial area for improvement.
Step 2) Strategy
To identify cost reduction opportunities, we conducted virtual workshops with the client's team. Through comprehensive quantity, license type, and price benchmarking analysis, we quickly isolated areas where cost optimization could be achieved. This strategic approach allowed us to identify significant cost-saving opportunities.
Step 3) Negotiate
Working closely with Salesforce's renewals team and global leadership, we embarked on resetting the operational and contractual relationship between our client and Salesforce. Through effective negotiation, we achieved mutually beneficial outcomes that addressed our client's cost and contractual requirements, resulting in a stronger partnership.
Step 4) Contract Execution
With a focus on flexibility and future growth, we engaged in extensive negotiations of the contractual terms and conditions. By aligning the contract with the client's growth projections, innovation initiatives, and end-user needs, we ensured that the contract provided the necessary agility and support.
The Remarkable Results
Our engagement left the global technology company highly satisfied with the outcomes achieved. They became a happy client, expanding their utilization of TNG's services throughout their enterprise. The collaboration yielded substantial cost savings of $2.6 million, which the client reinvested strategically in their business. Furthermore, our efforts contributed to the establishment of stronger governance and internal controls within the organization, systematically containing costs and mitigating risks associated with Salesforce licenses.
At The Negotiator Guru, we are dedicated to optimizing software contracts and enhancing governance for our clients. This success story showcases our ability to deliver significant cost savings, establish effective governance structures, and foster long-lasting client satisfaction. Contact us today to leverage our expertise and drive favorable outcomes for your Salesforce engagements.
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Salesforce Engagement Success Story: Fortune 500 Company Achieves Remarkable Cost Savings
At The Negotiator Guru, we recently had the privilege of working with a prominent Fortune 500 company to facilitate their Salesforce renewal process. Our primary goal was to help them reduce their annual licensing costs without committing to significant future growth. Through our expertise and strategic approach, we achieved outstanding results, saving the client an impressive $1.84 million in direct costs and enabling them to avoid additional expenses of $5.1 million.
Our Approach:
To ensure a successful engagement, we implemented our proven 4-step IT Software Negotiation Process, tailored specifically to the client's Salesforce requirements:
Step 1) Discovery:
Collaborating closely with the global client team, we thoroughly examined their historical use of Salesforce and gained valuable insights into their future plans for the platform over the next 3-5 years. This comprehensive understanding formed the foundation for our negotiation strategy.
Step 2) Strategy:
We facilitated productive discussions involving all key stakeholders to establish a unified vision of the necessary licenses and add-ons required to meet the client's evolving needs. This alignment ensured that our negotiation efforts were targeted and focused, optimizing the outcome.
Step 3) Negotiate:
Utilizing our outcomes-based negotiation tactics, we engaged in open and constructive conversations with Salesforce. We effectively communicated the client's strategic objectives and explored how Salesforce could best support their business goals. This approach fostered a mutually beneficial dialogue and helped drive the negotiation towards a win-win solution.
Step 4) Contract Execution:
In collaboration with the client's Legal department, we diligently identified and mitigated contractual risks and open-ended obligations. By ensuring a clear and favorable agreement, we provided the client with a solid foundation for their ongoing partnership with Salesforce.
The Remarkable Results:
Our engagement delivered substantial benefits to the client, yielding cost savings of $1.84 million and cost avoidance of $5.1 million over the contract term. Beyond the financial gains, the negotiation process fostered executive-level engagement between the client and Salesforce, enhancing their relationship and paving the way for a stronger partnership. The outcome was a win-win solution that satisfied both parties and set the stage for continued success.At The Negotiator Guru, we take pride in our ability to deliver exceptional results for our clients. This success story exemplifies our commitment to achieving substantial cost savings while nurturing valuable business relationships. Contact us today to discover how our expertise can drive favorable outcomes for your Salesforce engagements and negotiations.
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