Thomson Reuters
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About Thomson Reuters
Thomson Reuters Overview
Thomson Reuters delivers trusted content and AI-driven workflow automation for legal, tax, and media professionals, integrating cloud SaaS research, analytics, and news.
Negotiation insights
Discount levers
Success potential
What you can give to move the needle on pricing
RenewalsNew purchases
N/ALow chances of successMedium chances of success
High chances of successVendr community insights for Thomson Reuters
Company with 201-1000 employeesThis year
"Thomson Reuters proposed a significant price increase with no change in scope. Given the lack of added value, we chose not to renew and will revisit later. During negotiations, it became clear they were unwilling to entertain a lower rate."Company with 201-1000 employeesA while ago
"At renewal for Thomson Reuters, they are proposing a 10% uplift for a one-year agreement, a 7% uplift for a two-year agreement, and a 5% uplift for a three-year agreement."Company with 201-1000 employeesA while ago
"Leverage competitor pricing, emphasize your specific needs to avoid paying for unnecessary features, and inquire about discounts for bundling services or long-term contracts."Company with 201-1000 employeesA while ago
"Thomson Reuters legal tools are typically difficult negotiation scenarios with renewals, however, bringing other legal operations technology competitors like Wolters Kluwer ELM Solutions, Brightflag, and Legal Files Software can soften the conversation and increase likelihood of entertaining discounting, especially if the subscription has grown"Company with 201-1000 employeesA while ago
"Were able to negotiate 2 bridge months that give time to help with product transition at a lower average rate "Company with 201-1000 employeesA while ago
"For a flat renewal we were set to be charged at 10% uplift, having double checked usage we actually needed to descope on licences which pushed per unit pricing even higher. Although we were able to achieve a good outcome, I would advise beginning conversation very early with the Thomson Reuters team."Company with 201-1000 employeesA while ago
"Thomson Reuters will facilitate downgrades without increasing pricing or impacting the current rate when the conversation to do so begins 90+ days to the renewal date"Company with 201-1000 employeesA while ago
"Thomson Reuters will offer monthly payment terms even on longer term agreements. "Company with 201-1000 employeesA while ago
"Uplifts for one-year agreements are usually proposed at a 10% uplift, but this is negotiable, and we were able to lower this to 7% at the time of our renewal. "About Vendr
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