Terzo Delivers 420% ROI for Pre-IPO Startup
A successful silicon valley tech startup in the Pharma industry lost $4.5M by missing contract renewal opportunities with its most important suppliers. This represented 7.5% waste on annual supplier spend. Contract renewals were not being prioritized and there was no renewal deadline visibility. Opportunities to optimize the supplier portfolio were being missed. Terzo modernized the process with contract intelligence and automated alerting and renewal workflows. The company has achieved zero renewal breakage today resulting in immediate cost savings.