The savings associated with the increased efficiencies can be
quantified in a number of ways but the most significant savings is realized where RightProcess
automates and/or streamlines activities that would otherwise require manual effort from
various employees.
Organizations currently using a paper system, shared drive or a document management
system will most likely experience the most significant cost savings based on the following:
During content development, a Process Administrator can waste a tremendous amount
of time with the tedious efforts associated with tasks such as manually moving a policy
from one review state to the next, structuring policy content, and following up with
the necessary approvers. Using RightProcess these activities are fully automated and
the associated cost savings might be calculated as follows:
Process Administrator's hourly wage: $45
10 Hrs/per week time savings using RightProcess: 500 hrs annually
Total annual savings from increased efficiencies: $22,500
Next, the Process Administers can also waste an awful lot of time trying to extract
information that management requests. In other words, data that answers questions
such as "Who's holding up the approval process? How long is it taking to define
certain policies and procedures? Which policies need to be reviewed in the next
month? How many people are accountable for adhering to a certain procedure?
What's the latest version of a certain procedure and when was it published?"
Finding the information needed to answer these types of common questions can be a painstakingly
intricate and time consuming process. Therefore additional cost savings could be calculated
as follows:
Process Administrator's hourly wage: $45
5 Hrs/per week time savings using RightProcess: 250 hrs annually
Total annual savings from increased efficiency: $11,250
Finally, using a paper system, shared drive or a document management system, the employees responsible for
adhering to the policies and procedures are also inclined to waste time searching for
individual documents. Cost savings in this area based on a modest improvement significantly
adds to the associated return on investment as follows:
Average Employee hourly wage: $45
30 Mins/per month/per employee- annual savings with RightProcess: 6 hrs
Total number of employees: 100
Total annual savings from increased efficiencies: $27,000
While there are countless examples of how RightProcess can increase efficiencies
which would further increase the associated return on investment, using these three
simple and conservative examples, the associated cost savings for a department
of 100 employees with one Process Administrator could be over $60,000.
For an organization with 500 employees or more, the savings quickly increases to
significantly more than $150,000 a year!
But as mentioned, the value proposition associated with RightProcess extends well
beyond just increased efficiencies and also includes
Employee Compliance and
Measurable Accountability.
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