Need more proof on how Conga Contracts can transform your contract lifecycle? Forrester did the research for you. Download the commissioned study now.
With today’s release of the in-depth Total Economic Impact (TEI) study, a commissioned study conducted by Forrester Consulting on behalf of Conga, we’re able to incontrovertibly confirm — and quantify — the benefits of Conga Contracts.
And we’re hoping you’ll test Conga’s impact yourself: along with the independent TEI study, we released a calculator to measure your own potential return on investment with Contracts. Check out the ROI calculator to see how much money you could be saving.
The TEI study found that a composite organization based on interviews with Conga customers saw an astonishing 282 percent return on their investment, and were able to increase revenue by up to 14 percent, ultimately saving nearly $2.2 million over three years.
Forrester Consulting took a look at three Conga customers to create a composite organization to glean the above results about Contracts’ effectiveness.
What they found was an incredible time savings:
- Instead of spending up to 12 hours to create a contract, customers we able to cut that time down to just two hours.
- The time it typically spends an organization to revise and renew contracts decreased from one week to less than a day.
- Finally, the contract request and delivery times dropped from two and a half hours to an hour or less.
Spending time on tasks Conga can easily accomplish means a sans-Conga organization is also spending money needlessly — and missing out on much greater potential revenue.
We’re going to digest this 23-page TEI study for you over the course of the next few weeks in this blog, starting with the three things things Conga will do to save you more than $2 million, followed by a look at how much it costs to waste time (and how much you could save if you didn’t), and finally, the impact of getting your team out of the mundane work.