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2	Return On Investment Using VERY conservative estimates: Consider: 2 staff working to administer and transcribe surveys “Unloaded” salary of $12/hour Each person performs 30 surveys per week
3	ROI Continued With Ultra-conservative Figures Assume: Survey prep time of 1 hour per week This includes: Checking/updating paper versions Making copies Etc. No errors in administering any of the surveys Unlikely, but for this ROI example, let’s use the “best case” scenario Each survey can be transcribed in 15 minutes with no errors This is very unlikely, but again, let’s be ultra-conservative in our estimates
4	ROI Example cont'd ROI Calculation Using Previous Figures Transcription rate of 4 surveys per hour =7.5 hours for each week or $90 per person per week Add 1 hour for weekly setup = $102 per week $102 x 2 = $204/week; $204 x 4 = $816 per month Remember: This does not include aspects of a "loaded" salary – (e.g. benefits, overhead, vacation, etc.). Nor does it include costs to correct transcription errors Nor does it include costs for wrongly administered surveys, or for cleansing data from wrongly administered surveys. It also does not include “lost opportunity” costs for the time spent doing these tasks instead of other work Actual costs will be much higher
5	ROI Example cont‘d KnowledgeWorx costs: Needed: 1 Suite, 1 Additional HandiWorx license $149.95 + $34.95 = $184.90 30 surveys electronically imported in 5 minutes 20 minutes or less to import all the information for all staff for the entire month Costs after initial investment = $0 per quarter Net Savings: Month 1 = $816 - $184.90 = $631.10 Subsequent Months = $816 Total Year 1: $10238
6	ROI Example Cont’d Using Standard ROI Calculation ROI = (Net Benefit / Net Cost) * 100% ROI Year 1: $10238 / 184.90 * 100% = 5537% That is not a typo. ROI is Over Five Thousand percent! Years 2 and beyond: Same or more Point of Reference: Using this formula, 100% ROI means for every dollar you invest, you get a $1 return 5537% ROI means for every $1 spent, you get more than $55 return
7	ROI Analysis The previous example used extremely conservative values and did not: Consider fully “loaded” salaries Factor in cost of transcription errors Consider larger teams, or more frequent surveys Project beyond 1 year Consider errors (and their associated costs) introduced when administering paper surveys Including Data Cleansing/Filtering erroneous data Consider costs associated when maintaining, printing and tracking paper surveys If we factor in the items above, the Return On Investment projection is MUCH higher
8	KnowledgeWorx Benefits Extreme Productivity High Return On Investment Ease of use, without programming or complex tools Accuracy and Quality improvements over paper-based transcription Portability: Handheld component runs on PalmOS devices, PockePC/WindowsMobile devices and in Standard Web Browsers (Safari, Firefox, IE)
9	Want More Info? Try it for yourself and start “putting knowledge to work” Try an evaluation copy from: http://www.x-act.com Contact information: X-Act! Software LLC sales@x-act.com