Contract management for online subscriptions
Data management is already a complicated environment. Having a solution for managing online subscriptions’ contracts — such as market data, research, SaaS, and information services licenses — centrally is the need of the hour, especially when you need to compare one contract with the other. It is even critical when you are likely to have multiple web-based subscriptions that cater the same industry.
Comparing usage between multiple providers & contracts allow strategic decision based on a cost-benefit analysis model. With each firm undertaking multiple contracts to cater their research & other information needs, managing all these can be a challenge. The system is expected to help librarians & other information professionals with the process, proving correct reporting as well as reminders to ensure you have enough data to negotiate with the vendor.