Form ROI Calculator
Average employee yearly salary (including labor cost factor) [$/user/year]
$36,000.00
Average time to located the proper form to complete [minutes]: Reseach finds workers spend more than 15% of their time locating information*
10
Average time to fill out, validate, correct, and print the form [minutes]: This constitues the most expensive set of activities acording to analysts. **
20
Average time to route a form to the approporiate users or groups [minutes]: Include the cost of any printing, postal mail, hand-carry, courier, etc..
24
Average time spent manually tracking the progress of routing for a form [minutes]: Estimates indicate that most offices waste 65 cents of every dollar spent in handling records***
8
Percentage of forms filled in incorrectly, lost, routed to the wrong recipients [percent]: More than 7% of all documents get lost and 3% of the remainder are misfiled.***
7%
Number of differenct forms currently in use at your organization: The typical global enterprise uses an average of 400 complex business forms.****
Number of employees in your company or organization who fill out, route, review or approve forms:
15
Estimated number of forms completed by each employee in a year [forms/year]:
Your Company's average Yearly forms Handling costs
$7,655.44
If forms could be instantly located and submitted online from within your employee's browser, how much faster would this be than your current method [percent]:
75%
If forms process could eliminate some manual data entry and validation errors, how much faster would this be for your employees? [percent]:
30%
If forms could be automatically routed, reviewed and approved online, how much faster would this be than your current method of routing and tracking? [percent]:
85%
244.20
Yearly Cost Savings using myCo Portal
$4,578.78
* Source: IDC, "The High Cost of Not Finding Information," Feldmen& Sherman, April 2003
** GISTICS (2004), KMWorld June 2004 *** Coppers and Lybrand **** GISTICS (2004, KMWorld June 2004 NOTE: Powerstone Solutions has provided this ROI Calculator to help you determine your approximate savings with myCo Portal. This tool is help you calculate the approximate cost of productivity loss doe to poor document controls and callaboration. Powerstone makes not commitment to any person or entity as to the applicability, accuracy or usefulness of the ROI Calculator.