September 26, 2023
See how we created the calculator.
Organizations constantly seek effective ways to streamline processes, and reporting is no exception. ClearPoint Strategy offers a solution to the convoluted and often time-consuming tasks that many organizations grapple with. But how do you quantify the potential advantages of this solution? Enter ClearPoint's very own ROI calculator, a tool designed to spotlight the savings and efficiency you stand to gain.
Reporting is more intricate than it seems. Organizations have to juggle various components such as charts, RAG status indicators, analysis, and actionable recommendations. The intricacy only deepens when you consider the frequency of reports, the length of each report, and the varying departments that produce them. Each variable adds layers to the reporting process, directly impacting the workload and efficiency of the team.
The ROI calculator initiates its process by understanding the basics: how often reports are made, their length, and the number of departments involved. For instance, it presumes that each page of a report takes about 45 minutes to create. So, if an organization produces a 10-page monthly report across 5 departments:
45 minutes x 10 pages x 5 departments = 2250 minutes or 37.5 hours monthly
Beyond the surface, the calculator delves into data sources. Every report relies on data, and the time taken to gather and format this data can be cumbersome. It's estimated that an hour is spent per report to extract data from each source.
And then there's the human factor: individuals, both data providers and report creators, spending approximately 2 hours on each report. The cumulative effort is staggering.
Using the data provided, the calculator sums up the total hours spent on reporting in your current setup. For ease of understanding: if data extraction takes 5 hours and human effort takes 10 hours for 5 reports, the total is 75 hours.
ClearPoint software offers a compelling return on investment that businesses can't afford to ignore. It's not just a digital tool, but a powerful agent for harnessing an organization's true capacity. At its heart, ClearPoint has been instrumental in amplifying productivity and efficiency, with firms observing a staggering 58% surge in organizational performance. This isn't merely a statistic; it reflects in optimized operations and an invigorated workforce spirit.
Reporting, a traditionally time-consuming endeavor, has been revolutionized, with processes now being completed at 3x the previous speed. Such swiftness ensures that vital data reaches key decision-makers promptly, fostering nimbleness in organizational responses.
And when gauging the financial merits of the software, the numbers speak loudly. ClearPoint ensures a robust 66% return on investment, with these figures predominantly stemming from substantial cost savings.
Navigating the reporting maze is challenging, but with ClearPoint Strategy, organizations can pinpoint areas of inefficiency and potential savings. Interested in understanding what this could mean for your organization? Dive deep with the ClearPoint ROI calculator and visualize the change. And for a more bespoke analysis, don't hesitate to reach out to us for a personalized software demonstration. Let's revolutionize your reporting process together!