Cummins requires a 90-day modification right; this clause was never even dared to be imagined before.

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CoinNetwork
AI spending squeezes IT budgets, Cummins and FedEx demand shorter SaaS contracts and introduce repricing mechanisms
AI costs rising compress IT budgets, with Cummins, FedEx, and others demanding shorter SaaS contracts and the establishment of re-pricing mechanisms. Ralliant reduced five-year contracts to 1–3 years, Ibex renewed for one year. Cummins requires a 90-day modification right, and FedEx set a threshold for renegotiation. National Life Group wants replaceability clauses and to prohibit price increases due to new AI, with the option to exit if standards are not met. EY-Parthenon states that traditional software vendors' net retention rate over six months has dropped by approximately 15 percentage points.
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