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Realizing ROI from Contract Management Technology
While there is no doubt about the many benefits implementing aย Contract Lifecycle Managementย (CLM) solution brings, quantifying its returns is the tricky part. This whitepaper presents six methods of determining CLMโs Return on Investment (ROI) for your organization. For most companies, summing up the values generated in over three of these methods, as applicable, yields the closest ROI estimate.
Zycus iContractย enterprise CLMโs ROI is determined based on the following parameters
- Reduction in legal employee costs
- Prevention of financial losses
- Reduction in sales operation costs
- Management of renewable contracts
- Penalty avoidance and/or recapture
- Identification of consolidation opportunities
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While there is no doubt about the many benefits implementing aย Contract Lifecycle Managementย (CLM) solution brings, quantifying its returns is the tricky part. This whitepaper presents six methods of determining CLMโs Return on Investment (ROI) for your organization. For most companies, summing up the values generated in over three of these methods, as applicable, yields the closest ROI estimate.
Zycus iContractย enterprise CLMโs ROI is determined based on the following parameters
- Reduction in legal employee costs
- Prevention of financial losses
- Reduction in sales operation costs
- Management of renewable contracts
- Penalty avoidance and/or recapture
- Identification of consolidation opportunities
