Return on investment (ROI) is a technique to help you understand the benefits your business will reap
from a specific technology purchase – that is, how long it will take your company
to profit from its technology investment.
To get a clear picture of the benefits
your company can expect from implementing SAP Business One as your business management
solution, you'll first want to understand the impact of your current issues on your
bottom line, as well as your goals for implementing SAP Business One. For instance,
your company may want to reduce billing errors and speed up receivables, or to streamline
sales to improve revenue per customer. By quantifying these benefits, you'll get
a better idea of what your payback will be.
Some typical areas of benefit may include:
Productivity – Streamlined business processes
may allow your employees to accomplish more in less time.
Labor costs – Automating certain applications
can reduce the number of people required to support your business.
Financial performance – More accurate financial reporting
can speed receivables or give you a more accurate picture of your
short- and long-term balance sheet.
Inventory management – Keeping a closer eye on inventory
can speed inventory turns and reduce the amount you must spend on
Pricing – Real-time financial reporting
may give you a clearer picture of your overall costs and help you
improve margins on your products or services.
Customer revenue – By using CRM to recognize customer
needs, you can increase revenue per customer, or reduce customer
Technology maintenance and support – Less money
may need to be spent on maintaining out-of-date legacy systems,
improving your bottom line.
Process improvements – You may be able to eliminate certain
costs through automation; for instance, electronic billing can reduce
paper invoices, mailing costs, and even certain bank deposit fees.