The return on investment (ROI) of idea management software is an important facet for buyers to consider during their decision-making process. ROI is a performance measure that indicates whether money and time spent is ultimately worth the return value.
The implementation of innovation management software is an exciting – and increasingly important – step for any company to take. It can open the door to a seemingly endless stream of innovative ideas from employees, shareholders and consumers.
A portion of the legal sector appears to have missed the memo that firms desperately need to innovate. According to the “Closing the Innovation Gap” survey conducted by Thomson Hine, 96% of respondents reported seeing little to no innovation at their company over the past three years.