How do you calculate ROI?

‍If a contracts platform saves legal hours of time from manual, admin work, which they can then dedicate towards high-value projects, then that’s a strong return on investment. 

According to EY, 50% of business development leaders have missed out on business as a result of contracting inefficiencies. An ROI calculator could help you find out the amount of time your business could save. 

For example, find out how Funnel’s legal team saved 88 per cent of time on contract review with Juro - or hear directly from our customers below.

Money-saving

‍If the alternative is a much more expensive solution, multiple solutions or additional headcount, then the cost of a contracts platform speaks for itself, and can save the business a significant amount of money in the long run. 

Automating this process frees up time for legal to focus on high-value work. A platform like Juro enables businesses to automate contract tasks and safely free up time for high-value work.

Find out how Tamara implemented a contracts platform that saved them from having to make additional hires.

Positively impacting growth

Particularly at smaller businesses, revenue and company growth are the key objectives. For the sole General Counsel at a startup, speeding up the contract process can be hugely beneficial to the company’s growth. 

Any platform that can help with these metrics, instead of hinder them, is a valuable investment. 

For instance, Paddle’s sales team sped up the contracts process with Juro, creating contracts in four clicks and closing deals faster.

Considering CLM investment for your business? Get in touch to walk through the ROI model with a specialist.