Your ROI

The Return on Investment [ROI] & Payback are extremely Compelling – Aberdeen rates EMA as highest payback application, bar none.
 

Top 5 ROI:

1. Your ROI through Less Staff Cost in Future

You can recruit 2 LESS staff in the next 1-2 years. This gives you an clear ROI.

You could also redeploy the team members to other functions, which also gives an ROI.
 

2. Your ROI through Frauds and Inflated Claims being minimized.

Calculate the number of claims for 2 years, and the typical expense amount of the claims.

Assume a 5% reduction in inflated or fraudulent claims, due to more precise and timely claim submission.

That’s your ROI from reduced fraudulent claims.
 

3. Your ROI from reduced mistakes or double payments

Assume that every year, out of the thousand plus bills you pay to vendors, you can reduce ONE mistake or double payment.

That amount is again the ROI for you.

4. Your ROI from lower spending in discretionary areas

Discretionary spending, for example on travel or entertainment, reduces significantly when you automate the approval process. Each possible expense is inspected with a magnifying glass to evaluate whether it is really required, or whether it can be reduced. For example, if you reduce 5 travel trips per year, you can calculate the amount as a ROI.

5. Your ROI from Budget Control

In the absence of a automated Budgeting Control system, invariably at the end of the year, you would discover specific heads of accounts where expenses over-shot the budget.

Prevention is better than cure, and the overshooting of the budget could have been avoided.

Especially for items under the “Miscellanous” category, large amounts of expenses get incurred in most companies.  Budget control helps reduce this expense category too.

Calculate the largest budget head, and calculate a 5% reduction in cost in that head. Or calculate a 10% reduction in the Miscellaneous head, and count that as the ROI.

There are various other ways too, in which you will gain your ROI.

Typically companies who have 300-1000 employees could expect a ROI within one or two years itself.