Swapping Corvettes for Civics

Company: Series D Enterprise SaaS
Vendor: PagerDuty
Savings: $82K in Year 1, ~$102K annually thereafter

When we began working with this Series D enterprise SaaS company, we spotted a common pattern: they’d bought best-in-class tools across every category — “Corvettes” everywhere — but many were only being used for short commutes.

Case in point: PagerDuty.
Incident management is critical, but the company was paying $121K/year for what functionally acted as an automated phone tree.

The Playbook (5 months before renewal):

  1. Collected competitive bids from FireHydrant and Grafana IRM

  2. Modeled transition costs and operational impact

  3. Presented two options:
     • Stay with PagerDuty → negotiated down to $71K
     • Switch vendors → $15–20K/year + $20K one-time migration

The client chose FireHydrant, saving $82K in the first year and roughly $102K per year thereafter (“receipts” available upon request).

They kept the Corvettes that mattered — and replaced the rest with Civics that got the job done.

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When 115% Net Retention Meets Proper Leverage