Building the Business Case for a CLM
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What we'll cover:
Building a business case for CLMs is essential for in-house legal teams to secure buy-in from key stakeholders. A well-structured business case highlights the return on investment (ROI) that the software can provide, demonstrating how its cost is justified by the value it delivers in terms of time savings, risk reduction, and improved legal outcomes. This is particularly important in organizations where budget constraints are a reality, and expenditure needs to be carefully justified.
By presenting a compelling business case, legal teams can clearly articulate the benefits of leveraging technology, not just for their department, but for the organization as a whole, aligning the investment with broader business goals. This strategic approach helps in securing the necessary funding and support, ensuring that the legal department is equipped with the tools it needs to be effective and contribute to the organization's success.
In this session, you'll hear Megan Bradley, Sr. Corporate Counsel at 51³Ô¹ÏÍø, and Craig Sadowski, VP of Finance at 51³Ô¹ÏÍø, discuss making the case for using a CLM in the workplace.
Key Takeaways:
- How do I justify a CLM tool?
- How do I build a business use case for a CLM?
- How do I show the business impact of legal tooling ROI?
