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4 min read

LinkSquares Delivers $1M in Contract Process Efficiency

“[With LinkSquares] sales are closing deals at 3X the rate because they do not have so much in their contract that they have to manage.” - Chief legal and compliance officer, data protection software

Contract Lifecycle Management (CLM) is a vital tool for maximizing revenue and minimizing liability, and we’re laser-focused on improving contract creation, editing, and negotiation. We understand that saving sales teams time and reducing back-and-forth with legal allows them to use their time to secure more revenue-generating contracts. That’s now the norm for our customers

Our CLM is highly effective at streamlining contract management according to the new Total Economic Impact™ (TEI) study by Forrester Consulting. The report uncovered that our customers are increasing revenue by $1 million through streamlined contract processes. 

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Contract negotiations can lead to fewer signed contracts. With LinkSquares, sales reps can bypass the legal team and close deals within a week rather than months. Legal teams can ensure contract templates are consistent in LinkSquares, so the sales team never has to worry if they are up-to-date.

Forrester’s TEI study found that by investing in LinkSquares CLM, legal teams were able to: 

  • Centralize and streamline their contract management processes for both external and internal contracts. 
  • Gain significant time savings in creating and signing contracts and the ability to look through all agreements to identify their statuses.
  • Enjoy improved time-to-value of sales contracts. 
  • Improve compliance and rely less on outside counsel.

For corporations investing in contract lifecycle management solutions, the benefits are hard to ignore. They’re working faster, more intelligently, and saving money. There’s still a long way to go, with Gartner predicting that by 2025, corporate legal departments will have tapped just 30% of the potential benefit of their CLM investments. 

Wonder if it’s time to go for it? Check out the Forrester Report and hear how our customers have transformed their businesses with LinkSquares CLM. 

If you’re ready to adopt the industry-leading AI-powered CLM solution, contact LinkSquares today.