Birmingham, AL. Sept. 18, 2009. 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. As libraries face the most dramatic budget conditions in history, they are often losing staff necessary to handle administrative tasks. 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. "Our members are extremely busy and are always looking for ways to streamline the serials renewal process,