eForms (Electronic Forms) ROI Calculator

Now that you realize the benefits of an eForms solution, do you want to know how soon BP Logix Workflow Server will pay for itself? In terms of hard dollar ROI (return on investment), you can expect to see a reduction in your labor costs involved with locating, filling out, archiving, and routing forms for review or approval. Some less tangible improvements, or soft dollar ROI, can be found in areas of business efficiency, employee productivity, customer satisfaction, and improved decision making. The key component to any electronic forms processing solution is workflow. The integrated workflow and process automation (BPM) features of the BP Logix Workflow Server enable you to generate a much higher rate of return than with other eForms products. Our workflow engine allows you to identify process bottlenecks and eliminate them. This has a dramatic effect on productivity and subsequent ROI. To calculate your ROI, run the Calculator below using values that fit your environment. You can also calculate your ROI for document management and content review/approval. For frequently asked eForms questions, click here.

When calculating ROI ensure that you take into account your total cost of ownership (TCO). This includes the software cost, the time to implement the system, and ongoing maintenance and support costs. The BP Logix Workflow Server has a lower TCO than any competitor in the eForms market!

Your Current Environment

eForms ROI Calculator

Average employee yearly salary (including labor cost factor) [$/user/year] :	$
Average time to locate the proper form to complete [minutes] : Research finds workers spending more than 15% of their time locating information.*
Average time to fill out, validate, correct, and print the form [minutes] : This constitutes the most expensive set of activities according to analysts.**
Average time to route a form to the appropriate users or groups [minutes] : Include the cost of any printing, postal mail, hand-carry, courier, etc.
Average time spent manually tracking the progress or routing for a form [minutes] : Estimates indicate that most offices waste 65 cents of every dollar spent in handling records.***
Percentage of forms filled in incorrectly, lost, or routed to the wrong recipients [percent] : More than 7% of all documents get lost and 3% of the remainder are misfiled.***		%
Number of different 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 :
Estimated number of forms completed by each employee in a year [forms/year] :
Your Company's Average Yearly Forms Handling Costs	$
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] :		%
If the forms processing could eliminate some manual data entry and validation errors, how much *faster* would this be for your employees? [percent] :		%
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] :		%
Yearly Cost Savings using the BP Logix Server	$
Breakeven point using BP Logix Workflow Server for your eForms processing
First Year ROI		%

* Source: IDC, "The High Cost of Not Finding Information," Feldman & Sherman, April 2003
** GISTICS (2004), KMWorld June 2004
*** Coopers & Lybrand
**** GISTICS (2004), KMWorld June 2004

NOTE: BP Logix has provided this ROI Calculator to help you determine your approximate savings with BP Logix Workflow Server. This tool is to help you calculate the approximate cost of productivity loss due to poor document controls and collaboration. BP Logix makes no commitment to any person or entity as to the applicability, accuracy or usefulness of the ROI Calculator.