Control Intelligence

Renewals & Close-Out

Auto-renewal tracking, termination rights, and contract close-out procedures.

Sub-Process Score
53/ 100
Needs Improvement
5/10 responses received
View AI AnalysisBack

Control Objectives (1)

CM-RC-01
COSO P10ICFR.CM.RC.01IIA IV.9.2
Auto-renewal dates are tracked and stakeholders are notified in advance of opt-out deadlines.
Risk: Unwanted auto-renewals lock the company into unfavorable terms.
Assessment Questions (3)
  • 01Renewal alert is sent to the contract owner 90 days before auto-renew.
  • 02Terminated contracts are formally closed with final settlement documented.
  • 03Lessons learned are captured for contracts over a threshold value.