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What the paper says

Document roll-up

Current to 14 Oct 26

Growth order form of 20 Jan 2026 runs to 2 Feb 2027 at £50k per year. An Enterprise order form signed 7 Oct 2026 replaces the renewal at £125k per year from 3 Feb 2027, with 40 users and no connector count. A draft security questionnaire is still open.

Executed: The Growth order form signed 20 Jan 2026 sets £50k per year plus a one-off £12k implementation, term 3 Feb 2026 to 2 Feb 2027, billed annually in advance on 30 days. The signed MSA and the signed DPA of the same date sit alongside it.

The Enterprise order form signed 7 Oct 2026 by Matthias Ebner and Matteo Ricci states that no Growth renewal will be raised. It sets £125k per year from 3 Feb 2027 to 2 Feb 2028.

That form gives 99.9% availability, a P1 first response of 0.5 hours, and a 10% credit for availability and data freshness. Growth terms continue unchanged until 2 Feb 2027.

Open items: The draft security questionnaire of 30 Jun 2026, written by Theo Gallagher for Sabine Kranz, is the one live open item. Its residency, processing path, log retention, exit test and audit answers are unsettled.

The other drafts and proposals are superseded:

  • Draft MSA v2 of 23 Dec 2025, superseded by the signed MSA on 20 Jan 2026.
  • Proposals of 20 Nov 2025 and 25 Nov 2025, superseded by the Growth order form.
  • Enterprise proposals of 18 Jun 2026, 20 Jul 2026 (draft) and 23 Jul 2026, superseded by the 7 Oct 2026 order form.

Contradictions: The 18 Jun 2026 proposal offered one hundred and fifty users and twenty connectors. The executed Enterprise form lists 40 licensed users and states no connector count.

The 18 Jun 2026 and 20 Jul 2026 proposals said the implementation fee would be stated in the order form. The executed Enterprise form states none. The draft questionnaire leaves open whether data leaves the EU region, against the binding EU-only DPA.

Commitments: Until 2 Feb 2027 the Growth form binds 99.5% availability, a 1 business hour P1 response and availability-only credits. The DPA binds EU-only processing, with Snowflake in an EU region as the sole sub-processor.

The Enterprise form commits an invoice of £125k on 3 Feb 2027, payable within 30 days.

Gaps: All 16 documents were read. The MSA names no renewal price, notice period or Brenneck Pay signatory, and leaves governing law to the accompanying contract set.

The Enterprise form does not show connectors, an implementation fee or exit terms. The onboarding plan, success plan and QBR decks label £50k as contracted annual recurring revenue. That is their own wording; the order forms set the price.

AI · claude-opus-5-5 · 14 Oct 2026

Executed terms

Current to 9 Oct 26
  • Billingannual, in advance, 30 days from the invoice dateannual, in advance, 30 days from the invoice date · Source: doc_078_007
  • End2027-02-02Source: doc_078_007
  • Price£50,000 per yearSource: doc_078_007
  • Service levels["Availability 99.5%", "P1 first response 1 business hour", "Service credit 10% of one month's fee, availability only"]["Availability 99.5%", "P1 first response 1 business hour", "Service credit 10% of one month's fee, availability only"] · Source: doc_078_007
  • Start2026-02-03Source: doc_078_007
  • Term months12Source: doc_078_007

Documents

Updated 9 Oct 26

16 documents in 6 folders; 3 drafts hang on their executed paper.

  • commercial
  • delivery
  • presales

Size is importance: state 40%, category 20%, recency 25% (18-month half-life on the as-of date) and usage 15%. There are no view counts: usage means how many of our own analyses cite the document, saturating at 5. A draft hangs on the executed or issued document it drafts for, in the same folder. A draft with nothing executed behind it stays a small leaf on its own.

Folders and documents as a list
Documentsmade from

Contradictions

Current to 9 Oct 26
DocumentAgainstWhat differs
Brenneck Pay - ProposalBrenneck Pay - Order Form (signed)The 18 Jun 2026 proposal offers one hundred and fifty users and twenty connectors; the executed Enterprise order form lists 40 licensed users and states no connector count.
Brenneck Pay - Proposal v1Brenneck Pay - Order Form (signed)The 20 Jul 2026 draft proposal leaves the implementation fee to the order form; the executed Enterprise order form states no implementation fee.
Brenneck Pay - Security Questionnaire v1Brenneck Pay - Data Processing Agreement (signed)The draft questionnaire of 30 Jun 2026 leaves open whether data leaves the EU region; the executed DPA of 20 Jan 2026 binds EU-only processing and storage.

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