How to Calculate ROI
An important aspect when deciding on automation is the Return on Investment (ROI). The following factors play a key role:
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Time and cost savings: How much time can be saved through automation?
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Error reduction: What are the current costs caused by manual errors?
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Speed and throughput: How many additional processes can be handled thanks to automation?
A simple calculation could look like this:
ROI = (Savings + Productivity Gains – Implementation Costs) / Implementation Costs
Many companies report that automation pays off within 6 to 18 months.
The right process orchestration can also help reduce costs and further increase efficiency. Learn more in our article: Save Costs and Boost Efficiency with Process Orchestration.