ROI (Return On Investment) and TCO (Total Cost of Ownership) are important tools for estimating the financial gains of implementing a new IT-solution. Today, the positive economic effect of a new IT application must come quickly, otherwise the installation is neither worth the time nor the money.
When planning IT-projects with partners and customers, we use our well proven ROI template. It is based on experience from implementations at hundreds of companies. Take a look at our example below to get some ideas on how to proceed in your own organization. You can also download a free version of our Excel based ROI template.
ROI template
The ROI Excel template is for personalized examples. The template is open so that you can fill in information and figures from you own company to calculate the ROI.
ROI Template - comprehensive (in English)
ROI template - supplier order and invoice (in Swedish)
ROI template - customer order and invoice (in Swedish)
Gains and benefits
When deciding whether to implement an integration solution, your most strategic question is probably "what is there to gain from this?". We could describe a number of positive effects of integration and automation which all lead to cost-savings and improved customer service. The exact effects depend on type of integration you choose to implement. However, there are some general effects, irrespective of systems involved. Examples of these are:
- Minimized risk of double or missed data.
- Speeds up business processes.
- Reduces time spent on administrative tasks.
- Fewer errors as basic data is maintained in one place only.
- Leads to time-saving processes. Data is automatically validated between systems.
- Displays the bottle-necks in the organization and provides tools to change this.
- Reduces need for print-outs --> positive environmental effects
- Better control of business flows and quicker error handling
- The right information at the right time and right place.
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