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Commitment Inventory allows you to manage existing commitments and plan for renewal. This tool provides visibility into your current cloud commitments and helps you make informed decisions about future renewals.
The interface displays a graph of expiring contracts over time. You can click on "Expiring Contracts" in the graph, and the related commitment entries will be selected and highlighted in the table below.
When you identify commitments that are approaching expiration:
Click on the commitment in the graph or table
Click "Create Renewal Plan"
Archera's system will provide you with three default renewal plans
You can also create custom renewal plans tailored to your specific needs
The renewal planning feature helps ensure you maintain optimal commitment coverage and maximize savings opportunities without gaps in your coverage.
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