Quantifying the ROI from Contract Management Technology

Whether implementing a contract management solution will generate profitable returns for organizations is the one question on everyone’s mind!
 
To answer this, one can utilize industrial research data and estimate CLM’s ROI for their organization based on:

  1. Reduction in legal employee costs
  2. Prevention of financial losses
  3. Reduction in sales operation costs
  4. Management of renewable contracts
  5. Penalty avoidance and/or recapture
  6. Identification of consolidation opportunities

 

(Refer to the infographic on the right.)

 

Our latest whitepaper provides a stepwise breakdown on how to determine quantifiable returns on CLM for your organization using these 6 statistical methods. Download the whitepaper to learn about–

• How CLM simplifies and brings efficiency to contract management processes
• How to calculate ROI of CLM for your organization
• Sample ROI calculation with examples and case studies
 

We also recently conducted a webinar regarding CLM’s ROI calculation methods. Here’s the link to access the webinar recording and presentation.

To get a customized estimate on the ROI of a CLM solution for your organization, please feel free to contact us at info@ultria.com.

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Author Stuti Mehrotra

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