EBSCO and a number of library consortia are working together to help consortia members reduce the cost and burden of processing e-journal package renewals by using EBSCO’s RapidRenewal service, available via EBSCONET. EBSCO's RapidRenewal, an online tool for managing the renewal of licensed e-journal collections, is designed to ease the administrative burdens associated with renewing e-journal packages. By partnering with consortia, EBSCO is able to provide an e-package renewal tool to more customers for managing contract data at a consortial level.
Library consortia have been able to negotiate large content deals successfully with major publishers and offer membership terms and conditions that are unique to their respective consortium. RapidRenewal, developed in cooperation with many of the major STM publishers, enables libraries to process these licensed deals in a more efficient manner by incorporating consortial contract terms and limitations, title detail and custom pricing into a single online interface.
The RapidRenewal interface provides a single portal for processing the renewal of multiple packages while eliminating the cumbersome exchange of spreadsheets, e-mail and other communication. The library can modify and approve package title lists as the system enforces the terms of the consortial contract and ensures that renewals are handled correctly each year. Authority levels allow renewals to be approved at the consortial or library level, depending on the preferred process of the consortium or publisher.
As a result of using RapidRenewal, libraries within a consortium can take advantage of the negotiated terms and conditions, easily renew their collections according to their contract terms, and have the title-by-title analysis that is often needed in today’s shrinking budget environment.
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