Identifying Your ROI: Business Value Exercise

Identifying Your ROI: Business Value Exercise

Follow this self-guided activity to understand your unique business case to identify your ROI.

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About this course

 

Are you building a business case to highlight the ROI you've gotten from Ironclad?

With a better understanding of the Value Framework, it’s time to dive into a self-guided business value exercise for the tactical portion of measuring the value of a CLM for your business. The goal of this exercise is to help you better understand your business challenges and goals/objectives. This will allow you to highlight the specific metrics to track. Following a workbook, we will guide you through the process of gathering your unique business metrics to speak to the impact of Ironclad. 

When you complete this course, you will be able to: 

    • Differentiate between hard ROI and soft ROI
    • List considerations when thinking about value and impact
    • Summarize the business case process
    • Utilizing a workbook guide, structure your business case to understand the impact of a CLM for your business.

Time Commitment: 35 Minutes

Audience: Ironclad Admins

Suggested prerequisites: Ironclad Value Framework, Ironclad Overview, Introduction to Ironclad for Admins, Visualizing & Analyzing Data with Insights

 

This course was last updated on 02/12/2024

 

Curriculum35 min.

  • Introduction
  • Business Value Process Overview
  • Understanding ROI
  • Defining Hard vs. Soft ROI
  • ROI Considerations
  • Business Value Exercise
  • Business Value Exercise Workbook (download)
  • Step 1: Review Goals and Objectives
  • Step 2: Identify Feature Building Blocks and Technology Enablers
  • Step 3: Identify Business Impact (and Metrics)
  • Step 4: Identify your Soft ROI
  • Step 5: Putting the ROI Story Together
  • Wrapping it Up
  • Business Value Exercise Workbook Submission
  • Course Feedback
  • What's Next

About this course

 

Are you building a business case to highlight the ROI you've gotten from Ironclad?

With a better understanding of the Value Framework, it’s time to dive into a self-guided business value exercise for the tactical portion of measuring the value of a CLM for your business. The goal of this exercise is to help you better understand your business challenges and goals/objectives. This will allow you to highlight the specific metrics to track. Following a workbook, we will guide you through the process of gathering your unique business metrics to speak to the impact of Ironclad. 

When you complete this course, you will be able to: 

    • Differentiate between hard ROI and soft ROI
    • List considerations when thinking about value and impact
    • Summarize the business case process
    • Utilizing a workbook guide, structure your business case to understand the impact of a CLM for your business.

Time Commitment: 35 Minutes

Audience: Ironclad Admins

Suggested prerequisites: Ironclad Value Framework, Ironclad Overview, Introduction to Ironclad for Admins, Visualizing & Analyzing Data with Insights

 

This course was last updated on 02/12/2024

 

Curriculum35 min.

  • Introduction
  • Business Value Process Overview
  • Understanding ROI
  • Defining Hard vs. Soft ROI
  • ROI Considerations
  • Business Value Exercise
  • Business Value Exercise Workbook (download)
  • Step 1: Review Goals and Objectives
  • Step 2: Identify Feature Building Blocks and Technology Enablers
  • Step 3: Identify Business Impact (and Metrics)
  • Step 4: Identify your Soft ROI
  • Step 5: Putting the ROI Story Together
  • Wrapping it Up
  • Business Value Exercise Workbook Submission
  • Course Feedback
  • What's Next

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