TRAC-ROI - LEADMARK

How much will TRAC add to your bottom line?

Answer 5 questions in just a minute of time to see how fast your TRAC investment turns into results.

There’s no doubt that there are clear benefits to supporting contract and supplier management processes with dedicated software.
The question however is: How much better could you be doing in realizing savings, avoiding costs, reducing risks, improving service quality and optimizing service provider relationships, when using technology to support your third party governance efforts.
How fast can you reach ROI? We’ll show you how quickly the payback adds up when using TRAC.

Simply fill in the empty fields in the right hand column to start the ROI calculation. We’ve included market average default values to limit data entry, but you can adjust them depending on your specific situation. The ROI calculator provides and initial estimate and is provided for information only. Results are not guaranteed and depend on your particular circumstances. With that being said, we would welcome to meet with you for a deep dive into your potential savings and share how TRAC can improve your sourcing governance practice, how we live up to our commitment to delivering results and how we implement in a matter of just a few weeks.

ROI Calculator

This question is about the total value of your sourced services portfolio and its relative complexity, which typically comes from the number and diversity of suppliers, contracts, obligations, financial components and services, their interrelationship and pace of change. Optimizing governance capabilities can bring significant added value.

Total annual spend with external service providers.
...*
Complexity of your sourced services portfolio
Complexity of your portfolio
Added value expected from simpler and more mature governance capabilities
Percentage of improvement expected
Percentage of improvement expected
Percentage of improvement expected
Hidden
Percentage of expected improvement- total -
As the central hub for the governance of sourced services and supplier relationships, TRAC supports and streamlines all critical processes to improve the overall maturity level of your governance function. Improvements realized are: contract reviews and renewals not being missed, structured performance review and reporting, automated obligation tracking and alerting, smooth and accurate change control, optimized contract / obligation compliance, adequate invoice validation, collaborative risk, issue and dispute management and technology enabled meeting management.

This question deals with contract / supplier managers governing supplier relationships and supplier-facing processes across the contract lifecycle, to maximize the value realized through them. This typically involves activities like performance reviews, risk assessments, invoice validations, contract change and supplier meetings.

Number of people in the role of contract / supplier manager
...*
Average weekly hours each contract / supplier manager spends on these tasks
...*
Average hourly rate
Percentage efficiency gain expected from TRAC
With all information in one place typical sources of efficiency gains are: less time reviewing performance and validating invoices, less time soliciting status updates and chasing actions, access to real time information, less emails and spreadsheets, less effort to manage contract changes, less time managing meetings, actions and decisions and less time to create overviews and reports.

This question deals with the people / stakeholders that have a role in setting, communicating and managing requirements, delivering value and financials associated with supplier relationships. These will typically be project managers, business service owners, service managers, legal and compliance officers.

Number of stakeholders associated with sourced services relationships
...*
Average weekly hours each stakeholder spends on these tasks
...*
Average hourly rate
Percentage efficiency gain expected from TRAC
With all information in one place typical sources of efficiency gain for your stakeholders are: quick insight supplier performance and spend via real time dashboards, reduction in time collecting information to empower supplier discussions/ dispute resolutions, immediate access to information on what is agreed and can be expected, reduction in email volume, more efficient and fewer meetings.

C	This questions deals with potential added value on top of the outcomes of your current engagement that you may realize from improved communication and collaboration with your service providers.

Additional value do you expect to gain from a stronger focus on information sharing and collaboration
Percentage of additional value expected
TRAC provides a powerful governance hub which improves transparency, communication and collaboration with your service providers. It puts all contract and governance information in a single system accessible to both you and your service providers. Additional value is realized as both sides dynamically adjust and manage objectives, clarify and measure satisfaction and performance and crucially, undertake collaborative and transparent risk management, resulting in informed discussions and decisions that enable innovative win-win results.
Your potential ROI from implementing TRAC
Hidden
Weekly time savings Contract Managers 0 (hidden)
This field us used to calculate potential saving for contract / supplier managers
Hidden
Weekly time savings Non Contract Managers 0 (hidden)
This field us used to calculate potential saving for non contract / supplier managers
Potential annual value gain from collaboration and process maturity
Potential annual value gain from efficiency and time savings
Combined potential annual value gain from using TRAC
Hidden
Implementation costs
Hidden
Ongoing annual user fees
Hidden
Earn-back period
Hidden
Earn-back period rounded
Earn-back time
- - -
Earn-back time
1 - 3 months
Earn-back time
3 - 6 months
Earn-back time
6 - 9 months
Earn-back time
9 - 12 months
Earn-back time
12 - 18 months
Earn-back time
18 - 24 months
Earn-back time
between 2 and 3 years
Earn-back time
- - -
The results of the ROI calculator are based on market standard professional hourly rates, typical value loss percentages found in sourced services engagements and the values you provided which are specific to your situation. The cost base, used to calculate the earn-back time, includes typical implementation costs for providing you with a fully configured and operational version of TRAC aligned with your business needs and the user fees based on the expected number of users of the system. Implementation costs may vary on your specific business context.
Explore your savings in greater detail
If you want a better understanding of your potential savings and how we can help you realize them, we are more than happy to meet with you for a deep dive in your particular circumstances. When you provide your contact details below, we’ll contact you to look at the value potential of your services portfolio in detail and how much you gain on an annual basis.
Name
First Last
Email
Message
Would you like to receive a copy of the form?
- Yes
- No
SEND

Quotes regarding contract management software ROI:

Unrealized value is estimated between 17 and 40 percent due to ineffective governance of third party contracts.

Source: KPMG

Goldman Sachs estimates that companies spend almost 5% of their reveneu to track agreements after signing a contract. Companies using contract management software can reduce annual contract management expenses by 20% - 50%.

Source: Goldman Sachs

The IACCM estimates that 9.2% of an organization's revenue is potentially lost due to poor contract lifecycle management. They add that commercial and contractual issues are the primary cause in over 70% of troubled relationships with buy and/or sell side vendors.

Source: International Association for Contract & Commercial Management

Value leakage in outsourcing contracts can have significant consequences – as much as 30% - 50% of total spending.

Source: Everest Group

PriceWaterhouseCoopers has found that 12% of a company's total annual costs may be devoted to contract management and administrative tasks.

Source: PriceWaterhouseCoopers

How much will TRAC add to your bottom line?

ROI Calculator

Your potential ROI from implementing TRAC

Explore your savings in greater detail