You’re probably expecting to see a Return On Investment (ROI) calculator here.
ROI calculators make simple assumptions in an ideal world. Don’t rely on skewed, leading “data” that probably has little relevance to your business. ALL businesses are truly unique, and require specific goals or objectives to benefit and establish ROI. Further, since businesses are unique, flexible systems like Contract Logix are required to meet the growing demands of each and every one.
Our clients establish return on investment through gains in efficiency across the entire business as well as through prevention of missed deadlines and renewal dates that result in significant losses in revenue.
Better yet, contact us to schedule a consultation with a Contract Logix Business Value Manager (BVM). BVMs are a dedicated resource for you to explore your current processes and establish the actual value of CLM solution implementation on your business. Below you will find a few insights to consider, for important key focuses to establish Return On Investment and overall value.
Pricewaterhouse Coopers has found that 12% of a company’s total annual costs may be devoted to contract management and administrative tasks.
Source: Pricewaterhouse Cooper
Best-in-Class companies have 19% fewer days in their average cycle time to create, negotiate, and approve contracts compared to All Others.
Source: Aberdeen Group, “Leveraging E-Signature in Your Contracts: Best-in-Class Advantage”