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LegalApril 15, 2020

Whitepaper: Making the Business Case for a CLM Solution

Realize the full value of your contracts with a CLM solution

Effective contract management is important for the commercial success of any business.

So says Gartner, referencing market growth rates of 18% to back this claim up. The bottom line is: manual processes don’t cut it anymore.

This whitepaper will help you make your case for an automated contract lifecycle management (CLM) solution, including steps like:

  • Document existing workflow processes (or lack thereof): Don’t be discouraged if this raises questions that are difficult to answer or uncovers missing steps. These weaknesses will support your case for CLM software.
  • Consider the “What’s in it for me?” factor: Contracts affect several stakeholders across the organization. Make sure you address the benefits and pain points for different teams in their language.
  • Don't forget to communicate ROI: The bigger price to pay is the cost of doing nothing at all. Read a potential use case that highlights projected savings, optimized profits and total ROI.
Ineffective contract management costs businesses up to 9.2% of annual revenue.
Tim Cummins - CEO, International Association for Contract and Commercial Management (IACCM)

Download the whitepaper

Solutions
CLM Matrix
Easy-to-use contract lifecycle management (CLM) solution that helps companies manage their end-to-end contract processes