Did you know that 60 to 80 percent of B2B deals are managed by contracts, with companies managing on average 20,000-40,000 contracts per year? If this critical business process is not handled accurately and efficiently, it can create significant risk and losses for an organization.

Comprehensive contract management – facilitated by a CLM solution – is critical to mitigating risk and reducing loss related to contracts. A contract management platform is an investment that offers tremendous ROI to any organization, including:

• Process streamlining and efficiency gains
• Improved business flow though insight into how contracts move, perform, and bottlenecks
• Reduced risk and improved compliance
• Source policy and contract language enforcement
• A way to develop policies and best practices around contracts

Even more importantly, a good CLM can provide overall ROI of 150-200% in one year.