ROI calculator for CLM

When implementation goes wrong
19 April, 9am CST
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Trying to figure out the return on investment (ROI) of contract lifecycle management software (CLM software)?

This ROI calculator can help you take the guesswork out of the process.

Access the ROI calculator here.

For more information on ROI calculators, what they are and how they can help, keep reading.

What is a ROI calculator?

A return on investment (ROI) calculator is a tool that can help you determine the value of investing in a product or service. 

Our ROI calculator is specifically designed to calculate the value of a contract automation platform - in contract automation, ROI explores the positive impact of a platform on processes, people, and technology. 

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How do you calculate ROI?

You can calculate ROI by looking at time saved; money saved; or how that investment impacts the company’s major objectives, such as growth. 

Time-saving

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. Find out how Funnel’s legal team saved 88 per cent of time on contract review with Juro.

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

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