The Total Economic Impact™ Of Nexis By LexisNexis
Cost Savings And Business Benefits Enabled By Nexis
A Forrester Total Economic Impact™ Study Commissioned By LexisNexis, January 2025
Executive Summary
Access to quality information is crucial for organizational decision-making. However, only 26% of global data and analytics decision-makers say their company always uses data and insights to make decisions.1 Among the main reasons this number is so low are lack of trust in data sources and the time and resources spent to get insights.2 Nexis®, a research platform offered by LexisNexis®, provides organizations with access to reliable information in a timely and efficient manner, allowing qualified employees to focus on insights. This helps inform strategic decision-making and reduces the risk of costly mistakes and missed business opportunities.
Nexis is a LexisNexis flagship business product that provides access to an expansive collection of news, company, legal, and regulatory data necessary to make informed business decisions.
LexisNexis commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study and examine the potential return on investment (ROI) enterprises may realize by deploying Nexis.3 The purpose of this study is to provide readers with a framework to evaluate the potential financial impact of Nexis on their organizations.
“We used Nexis to provide details to our board, which ultimately makes business decisions. We need to move faster, so we use Nexis to perform more due diligence to validate criteria to help the board make a decision. It allows them to green-light initiatives faster, but it also allows them to ask questions based on what the research is saying. The sooner you can answer those questions and figure out what those answers are, the more likely you are to move on to an idea.”
Return on Investment (ROI)
110%
Benefits Present Value
$2.29M
Net Present Value
$1.20M
Payback
Within 1 Year
“Power users like the amount of customization that you can do. Our legal, compliance, and business teams are doing research around corporations or whatever partners we’re working with. There’s a degree of trust. Nexis has been in the space for years, bringing a prominent brand name, trustworthiness, and an excellent reputation.”
To better understand the benefits, costs, and risks associated with this investment, Forrester interviewed four representatives from organizations with experience using Nexis. For the purposes of this study, Forrester aggregated the interviewees’ experiences and combined the results into a single composite organization company that’s headquartered in the US with global operations. It has 20,000 employees and revenue of $3 billion per year.
Interviewees said that before using Nexis, their organizations used multiple sources to research information that would inform business decisions, including new business opportunities, risk management, or mergers and acquisitions (M&A). They relied heavily on direct requests for information and financial data from research subjects or outsourced third-party research, which was time-consuming and expensive. Interviewees found it difficult to collect reliable data, especially for non-US and privately held businesses; the necessary information was often scattered and hard to consistently access, and it required significant effort to organize and analyze. These challenges hindered the organizations’ ability to conduct thorough due diligence quickly, which impacted decision-making and risk management efforts.
Interviewees said that after investing in Nexis, their organizations transformed their ability to conduct global research and collect and analyze data from credible sources, and they saw direct positive impacts on decision-making. Key results from investing in Nexis include significantly improving research efficiency and cost-effectiveness, particularly in due diligence and company research, which allowed teams to do more with the FTEs. Additionally, adopting Nexis resulted in significant cost savings by eliminating the need for legacy tools and platforms, streamlining data access and management, and directly reducing expenses.
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1 Source: Forrester’s State Of Data, Analytics, Measurement, And Insights Survey, 2024
2 Source: Connect Data To Decisions To Drive Business Impact, Forrester Research, Inc., October 29, 2024.
3 Total Economic Impact is a methodology developed by Forrester Research that enhances a company’s technology decision-making processes and assists vendors in communicating the value proposition of their products and services to clients. The TEI methodology helps companies demonstrate, justify, and realize the tangible value of IT initiatives to both senior management and other key business stakeholders.
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