We are a SAAS company that sells three-year deals but want to track revenue in years 2 and 3. So I am looking for best practices to ensure I capture that revenue.
Right now, I am creating a deal in the 2nd and 3rd years, and this seems to be a pain.
We’ve built a Recipe to handle Renewals. A Recipe is a small process that you can install in your HubSpot portal. This doesn’t require any third-party tool.
Here’s a video of how it works:
Renewal deals are created automatically for each closed-won deals with a known contract end date. Then, a task is generated with a reminder date XX days before that contract end date to notify the deal owner (or another user of your choice) that the renewal is coming soon.
Other settings and configurations are also available to suit your use case.
If you are interested, we can have a chat to setup this recipe on your HubSpot portal.
Learn more here