GUIDE
Your Guide to Understanding theTotal Cost of Ownership
for CLM
When it comes to investing in an enterprise’s tech stack, IT leaders and their teams face a constant challenge: balancing innovation with fiscal responsibility. As their organizations grow, as their business needs become more complex, as they’re pushed to innovate faster, a critical question emerges: what’s the true cost of this digital transformation?
What’s in the guide?
In this guide, we’ll walk through the TCO of a vital category of software for enterprises to adopt: contract lifecycle management, or CLM. Every single department uses contracts internally and cross-functionally, whether it’s legal handling non-disclosure agreements, sales handling master services agreements, or IT handling software licensing. Specifically, we’ll cover:
- How enterprises should approach TCO
- What to consider when evaluating a CLM’s TCO
- Which features to look for to support a robust ROI strategy
…and more.
The state of the [CLM] industry is changing rapidly. And many buyers used to think of the associated total cost of ownership (TCO) as this necessary evil. But that’s really not the case anymore. What was once taken for granted as the de facto TCO of a CLM is now flexible.”
Jon DrewLead Value Engineer, Ironclad
