Renewable/Recurring Deals

Some deals are closed once, but are renewed every week, month or year without having to close them again. Therefore, it would be great to have renewable deals that are automatically shown in the dashboard as recurring revenue. 

 

This means we don't have to create a new deal each time and move it to the closed stage in order to show the closed amount in the performance dashboard Smiley Wink

113 Replies
Resident Expert

@charliepinker are you using workflows?

Regular Contributor

@gelflex-cc Not for the summing of deal MRRs that I just mentioned (that just uses calculated fields), but yes I use workflows for other things like creating tasks and updating fields when forms are filled in or when deals are closed etc.

Resident Expert

@charliepinker Can you explain the calculation again? I missed it.  Thanks.  I use the free version so no workflows. 

Regular Contributor

I don't know if you have calculated fields on the free version? Do you see it as an option when you create a property?

Screenshot 2020-01-23 at 14.49.28.png

Resident Expert

@charliepinker AHHH. probably not.  Thanks.

Occasional Contributor

This would reduce friction with the sales team.

HubSpot Product Team
HubSpot Product Team
updated to: Being Reviewed
 
HubSpot Product Team
HubSpot Product Team

Hey HubSpot community,

Thanks for the feedback and for submitting this idea. While this is not yet in planning, we have put this on our radar to start designing. I will keep this idea post up to date as we make progress. 

 

Thanks

HubSpot Product Team
HubSpot Product Team
updated to: Being Reviewed
 
Occasional Contributor

Nice one, HubSpot, 4 years after it was requested, you're going to start thinking about maybe building it. 10/10 for effort

Regular Contributor

So excited to see this is under review!

Occasional Contributor

Hello, anyone using Stripe integration with Hubspot Quotes and wishing there was a free trial option (client puts payment info upon signing quote but payment processing is delayed until after x days)? Please check see this new idea and upvote:

https://community.hubspot.com/t5/HubSpot-Ideas/Add-the-free-trial-feature-to-the-Stripe-integration-...

Esteemed Contributor | Partner
Esteemed Contributor | Partner

If you can't wait for HubSpot to release this feature, we got you covered:

 

We've built RenewalSpot, a custom module to manage renewals. Here's how it works:

 

 

Check out this video overview of RenewalSpot: https://share.vidyard.com/watch/Hg8U3bAE5xeAWPAqFjWKbs?

 

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 RenewalSpot on your HubSpot portal.

 

Learn more here: https://www.auxilio.io/en/products/renewalspot