iManage Work Delivers 378 Percent ROI, as Found by Total Economic Impact Study…

by akoloy


CHICAGO, Feb. 17, 2021 (GLOBE NEWSWIRE) — iManage, the corporate devoted to reworking how professionals work, in the present day introduced findings of a brand new, commissioned examine performed by Forrester Consulting which analyzes the Total Economic Impact™ (TEI) and advantages realized by company authorized departments deploying iManage Work for e-mail and doc administration. The examine concludes corporations attained an ROI of 378 p.c over a three-year interval, with iManage paying for itself in lower than 6 months.

The impartial TEI study assesses the advantages, prices, and dangers related to deploying iManage for contemporary doc and e-mail administration. It is predicated on in-depth Interviews and information collected from iManage enterprise authorized prospects from industries together with monetary {and professional} providers, IT, insurance coverage, media and eating places. To create a framework to quantify advantages, Forrester designed a composite group modeled on the combination outcomes of interviewed prospects. The mannequin measures a three-year ROI based mostly on a composite enterprise authorized division of 200 iManage customers. Key three-year risk-adjusted advantages embrace:

  • End consumer productiveness enchancment of 240 hours yearly per consumer achieved by quicker search, add, and predictive submitting, equating to $4 million current worth
  • IT productiveness enchancment of $60,379 derived from saving 750 hours of IT workers time yearly by eliminating the burden on IT to arrange safe exterior doc trade for the authorized workforce – a easy, streamlined perform now simply dealt with instantly by iManage customers
  • Cost avoidance of $324,534 from retiring the legacy doc administration resolution and eliminating related software program, tools and upkeep prices

One buyer, a authorized operations and world expertise supervisor, from a worldwide eating places model, interviewed for the examine advised Forrester, “Much of the time people spent trying to get information in and out of our content repository was essentially refunded and can be applied to higher-value activities. And the frictionless user experience has really inspired adoption. iManage clearly spent a lot of time figuring out how lawyers like to work.”

The examine additionally recognized further advantages from leveraging iManage Work in authorized operations:

  • Streamlined workflow supported by a single supply of reality – With iManage, all content material is in a single place – consolidated in a single workspace, challenge, case, or deal – enabling simultaneous search throughout paperwork and e-mail, and assuring that every one customers are working from the identical, present info.
  • More time accessible for higher-value actions – As a results of decreased time spent looking for paperwork, importing paperwork, storing emails, and recreating misplaced paperwork, iManage customers acquire vital time day by day to concentrate on higher-value exercise.
  • Decreased danger of a safety incident involving authorized division content material – Customers credit score iManage safety controls and visibility with lowering their danger of buyer safety incidents which have negatively affected buyer model and picture.
  • Greater capability to make sure and point out compliance with requirements and laws – iManage permits organizations to attain and make sure compliance with worldwide requirements and laws extra simply, supporting necessities for evolving requirements.
  • Easier collaboration throughout the authorized division and with different purposeful areas –Prior to deploying iManage, customers cited grappling with info fragmentation throughout a number of content material repositories as a key productiveness blocker and obstacle to data sharing. Through its single repository with highly effective search capabilities, iManage permits customers to extra simply establish and have interaction on initiatives and issues dealt with throughout a number of apply areas or groups.
  • Better data administration and enterprise continuity – Better management over insurance policies and entry helps retain and share Institutional data, and circumvent deliberate or unintentional loss.

“iManage remains the most used document and email management system in legal departments today,” mentioned Dan Carmel, CMO, iManage. “This research rigorously quantifies what users have been telling us for years; that iManage makes them more productive, and less frustrated in delivering high-quality advice and guidance within their organizations while maintaining the highest levels of security and information protection. By dramatically reducing email clutter and content confusion. iManage delivers impactful, ROI while contributing to improved business outcomes and greater operational agility.”

Half of the purchasers interviewed additionally use iManage throughout different departments together with enterprise affairs, finance and accounting, though these customers should not addressed by this examine. For organizations whose product is data work, iManage delivers expertise and options that present aggressive benefit – connecting data employees and groups to the data they want, once they want it. The full examine, The Total Economic Impact™ of iManage Work, is offered for complimentary obtain here.

Follow iManage through:
LinkedIn: https://www.linkedin.com/company/imanage

Twitter: https://twitter.com/imanageinc

Blog: https://imanage.com/blog/

About iManage
iManage transforms how professionals in authorized, accounting and monetary providers get work executed by combining synthetic intelligence, safety and danger mitigation with market-leading doc and e-mail administration. iManage automates routine cognitive duties, supplies highly effective insights and streamlines how professionals work, whereas sustaining the very best degree of safety and governance over important consumer and company information. Over a million professionals at over 3,500 organizations in over 65 nations – together with greater than 2,500 legislation corporations and 1,200 company legislation departments and different enterprise prospects – depend on iManage to ship nice consumer and company work – securely.

Press Contact:
Anastasia Bullinger
iManage
Phone: +1 312 868 8411
[email protected]

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