Contract Horror Stories: The Auto-Renew Outlaw

October 18, 2022 2 min read

Picture it: It’s the end of the month and you’re ready for a break when you hear the familiar ping of a new email. Ready to shut down for the day, you quickly debate whether to open it now or wait till you’re safely ensconced at home, but curiosity gets the better of you. One more email? Sure, why not.

You open your work inbox to see that one of your SaaS tools has auto-renewed. What?! That wasn’t supposed to happen – the team doesn’t even like that tool. Now you’re stuck for another year and you owe $100,000 in the next 15 days. Even worse, the bill has already been sent to Accounts Payable. So in addition to facing the wrath of finance, you’re also going to be caught in the middle of the blame game. What a mess!

Avoid surprise auto-renewals with Ironclad

Unchecked auto-renewals happen far too often, causing all kinds of issues. How do you prevent this in the future – a contract you weren’t even aware of and money the company owes, all because no one checked in about a contract that was set to renew? Fortunately, you can easily avoid this with Ironclad.

Contract Lifecycle Management (CLM) software like Ironclad helps you:

  • Alleviate the risk of auto-renewals 
  • Remove the guesswork from contract renewals
  • Cut down on renewal inefficiencies

With Ironclad, you’ll never miss a critical contract deadline again. Our CLM platform alerts you a chosen number of days before any contract renewal takes place. That way, you can renegotiate with plenty of advanced notice. Decide on your terms, come to an agreement, and never again get locked into a contract against your will.

No more contract horror stories

Crush the Auto-Renew Outlaw and save your sanity. Click here to learn how Ironclad helps you track contract renewals and avoid unspeakable contract horror stories like this one. Or sign up for a custom demo of Ironclad’s complete CLM platform here.

About Ironclad

Ironclad is the #1 contract lifecycle management platform for innovative companies, powering billions of contracts every year. Salesforce, L’Oréal, OpenAI and other leading innovators use Ironclad to collaborate and negotiate on contracts, accelerate contracting while maintaining compliance, and turn contracts into critical carriers of operational business intelligence. It’s the only platform flexible enough to handle every type of contract workflow, whether a sales agreement, an HR agreement or a complex NDA. In 2023, Ironclad was named a Leader in the Forrester Wave for Contract Lifecycle Management, as well as named to the Forbes AI 50 2023 list and a Top Company to Bet Your Career On by Business Insider.

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