Did you know only 40% of businesses attempt to monitor or calculate the financial impact of contract lifecycle management?
When quantifying the benefits of a new or replacement CLM, including things like cost savings, productivity improvements, and reduced risk is crucial for long-term success. Keep in mind that CLM solutions provide an average ROI of 150-200%.
Ask yourself... "How much is bad contract management costing me right now?"
The truth is that the consequences of poor contract management are quite high and rising by the minute. You will probably be surprised by just how much poor contracting practices can erode your company's financial health. Below are three of the biggest risks of poor contract management:
The best CLM business cases tell a compelling story using data. These stories, however, need to be human-centric and focus on why this change is good for those you are making the case to, and not a change that will just benefit you. Industry benchmarks can help ensure your story reflects the reality on the ground.
Our customer love our solution and grow with us. Malbek boasts a 120% net retention rate and our customer success speaks for itself:
Recruitics x Malbek
“The reason you want to choose Malbek is the people behind it. They take ownership in their customer relationships, they respond quickly, and make it easy to use their tool.”
SVP of Operations @ Recruitics
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