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Zycus recognized as a ‘Strong Performer’ in The Forrester Wave™: Contract Lifecycle Management, Q2 2023  Read More

Realizing ROI from Contract Management Technologies

Recent innovations in the world of CLM have paved the way for new and exciting opportunities. The companies deploying CLM solutions not only enjoy a simpler and highly efficient contract management process but are also able to generate great savings.

While there is no doubt about the many benefits implementing a CLM Software brings, quantifying its returns is the tricky part.

A CLM’s ROI can be determined based on parameters such as:

  • 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

Zycus recently hosted a webinar in association with IACCM (International Association for Contract and Commercial Management) on this subject. The webinar presents a detailed and stepwise breakdown on how to determine quantifiable returns from CLM for an organization.

Author

Mr. Panchal is the Vice President at Zycus. An ardent promoter and practitioner of Theory of Constraints and CCPM, Digesh brings with him deep domain expertise from his long and rich personal experience in manufacturing. In his prior stint at Verdantis, he has led highly complex implementations of Master Data Management solutions for multiple master domains, across various industries and varied deployment models. As a forward-thinking leader with extensive experience in the design, development, testing, and rollout of cutting-edge B2B SaaS solutions, Digesh excels at driving the day-to-day operations of complex enterprises to produce turnarounds. At Zycus, Digesh is responsible for building a best-in-class AI-driven Enterprise CLM software and drive market traction.
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