Full ROI (Return on Investment)
Upside Software is one of the few companies who can confidently stand behind its products and commit to providing quantifiable results in that customers can expect a full Return On Investment in one year or less. In many cases, customers experience a full ROI in 3 months or less.
Where do my savings come from?
When Upside Software solutions are effectively employed throughout an organization, savings come from a variety of sources such as:
- Early contract payment terms. Many contracts offer a discount when payment is made before a specified date, however due to ineffective contract management, many companies lose out on this opportunity – this can affect your company performance by 25-30%.
UpsideLive sets alerts so important dates and deadlines are not forgotten.
- Elimination of maverick contracts. Often, a company experiences financial grief from a ‘maverick’ contract which is an expired contract on which payments are still automatically deducted. There are also late fees attached to many contracts, or accumulated interest if not statements are not paid on time.
UpsideLive ensures you do not waste your valuable budget paying for outstanding items like these.
- Reduced administrative time. The amount of time a company typically spends on contract-related administrative tasks can be reduced by 20-30%. This extra time can then be redirected to working on billable tasks.
- Decreased cycle times. A CLM solution like UpsideLive can help cut the typical contract cycle time in half.
- Helps to increase contract renewal rates by up to 25% and speed up the order-to-cash cycles by improving access to relevant information and approved templates.
- Streamline business processes. Spend your time on only the necessary steps
–UpsideLive helps you eliminate or automate the rest.
- Increase compliance management by 55%. Ensuring contracts adhere to compliance items correctly the first time will save your company from having to do costly and time-consuming revisions.
*Click here to read how Upside Software helped a
railway company streamline operations.
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