Managing vendor contracts and subscriptions is essential if you oversee a wide range of recurring IT expenses on behalf of your clients. By keeping track of crucial details such as renewal dates, contract terms, and vendor obligations, you can prevent service disruptions, forecast accurate budgets, and proactively identify opportunities to upsell or recommend alternate solutions that align with your client's preferred vendors.
Lifecycle Manager offers two approaches for managing vendor contracts and subscriptions.
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Import agreements from PSA's
- You can import existing agreements directly from ConnectWise Manage PSA or Autotask PSA into Lifecycle Manager.
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Manual contract entry
- You can manually add third-party vendor contracts, capturing services or subscriptions not currently administered by you.
Keeping Lifecycle Manager updated as part of your regular account management processes and reviewing contract and budget data fosters strategic conversations with clients.
By consolidating MSP-managed and third-party contracts in one place, Lifecycle Manager enables you to provide budget forecasts and avoid untracked expenses. By capturing third-party contracts, you unlock additional revenue opportunities and ensure a unified IT strategy for your clients.
To fully realize these benefits, you should review all existing contracts—whether imported from a PSA or manually added—to confirm their accuracy. Setting renewal alerts ensures timely notifications before contracts expire, minimizing the risk of service gaps.