CobbleStone Software offers a free and useful tool that can calculate the ROI professionals can enjoy when implementing a CLM software.
PRINCETON, NJ (March 26, 2024) - CobbleStone Software – a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrix™ Report – continues to inform professionals of the benefits of implementing an effective CLM software within their organizations.
CobbleStone's ROI (return on investment) calculator is a free tool that quickly generates an annual total contract value based on the number of contract files a legal team reviews per year and the number of hours (on average) it takes to complete a legal review per contract file.
This quick tool can help viewers realize the amount of time they could save by implementing contract management software. Some helpful facts that support contract management software's value include:
- Leading financial research estimates that companies spend almost 5% of their revenue to track agreements after signing a contract.
- Surveys report that companies using contract management software can reduce annual contract management expenses by 20% to 50%.
- Leading accounting firms found that 12% of a company's total annual costs may be devoted to contract management and administrative tasks.
Click here to view the ROI calculator tool.
"Educating viewers about the importance of CLM software is a cornerstone of CobbleStone. By providing these kinds of free tools, we hope that viewers can quickly and easily see the difference proper contract management can make for their organizations," says Bradford Jones, Vice President of Sales and Marketing at CobbleStone Software.
Contact CobbleStone Software for a free demo.
For more information, email Sales@CobbleStoneSoftware.com or call 866-330-0056.
About CobbleStone Software:
CobbleStone Software is a celebrated leader in contract management software solutions whose flagship CLM software solution – CobbleStone Contract Insight – expedites contract management, vendor management, eProcurement, and eSourcing processes while offering seamless integrations, ease-of-use, and high scalability. CobbleStone's contract lifecycle management solutions provide simplified contract and vendor tracking, highly configurable email alerts, user-friendly calendar notifications, intelligent contract workflow automation, highly robust security options, streamlined authoring of contract templates with dynamic clauses, centralized revenue/cost management, detailed text indexing and searching, future-minded vendor/client ratings, robust document version control, custom contract management reports, speedy IntelliSign® electronic signatures, more intelligent contracts with VISDOM® artificial intelligence and machine learning, and more.
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