This ROI (Return on Investment) calculator takes into consideration the number of users, average salary, time spent on activities, and the SciCord efficiency coefficient. Additional savings may be derived by optimizing operational support, infrastructure (hardware) provisioning, infrastructure support, and license fees from superseded software products.
The calculator can provide a rough estimate of the hard cost-savings to be obtained by utilizing the SciCord Informatics Platform. For a more accurate estimate, please contact the SciCord Sales staff to fully review your lab and its processes.
[/quiz-body] [quiz-button][quiz-step-confirm-button]intro[/quiz-step-confirm-button]Begin[/quiz-button] [/quiz-step] [quiz-step][quiz-tag]industry[/quiz-tag] [quiz-question]What Industry are you in?[/quiz-question] [quiz-body] [quiz-tile][quiz-tag]exclusive industry pharm[/quiz-tag]Pharmaceuticals[/quiz-tile] [quiz-tile][quiz-tag]exclusive industry oil[/quiz-tag]Oil and Gas[/quiz-tile] [quiz-tile][quiz-tag]exclusive industry water[/quiz-tag]Environmental[/quiz-tile] [quiz-tile][quiz-tag]exclusive industry food[/quiz-tag]Food and Beverage[/quiz-tile] [quiz-tile][quiz-tag]exclusive industry CRO[/quiz-tag]CRO/CMO[/quiz-tile] [quiz-tile][quiz-tag]exclusive industry biotech[/quiz-tag]Biotechnology[/quiz-tile] [/quiz-body] [quiz-button][quiz-step-back-button][/quiz-step-back-button]Back[/quiz-button] [quiz-button][quiz-step-confirm-button]industry[/quiz-step-confirm-button]Next[/quiz-button] [/quiz-step] [quiz-step][quiz-tag]GxP[/quiz-tag] [quiz-question]Does your lab require GxP compliance?[/quiz-question] [quiz-body]The cost-savings derived from ELN and/or LIMS is related to the level of compliance and enhanced requirements for operations such as reviewing, reporting, and audits.
[quiz-tile][quiz-tag]exclusive GxP Yes[/quiz-tag]Yes[/quiz-tile] [quiz-tile][quiz-tag]exclusive GxP No[/quiz-tag]No[/quiz-tile] [/quiz-body] [quiz-button][quiz-step-back-button][/quiz-step-back-button]Back[/quiz-button] [quiz-button][quiz-step-confirm-button]industry[/quiz-step-confirm-button]Next[/quiz-button] [/quiz-step] [quiz-step][quiz-tag]employees[/quiz-tag] [quiz-question]How many employees work on your team?[/quiz-question]Include only staff who record information – read-only access for managers or customers should not be included in this count.
[quiz-body] [quiz-tile][quiz-tag]exclusive employees 10[/quiz-tag]≤ 15[/quiz-tile] [quiz-tile][quiz-tag]exclusive employees 20[/quiz-tag]15-25[/quiz-tile] [quiz-tile][quiz-tag]exclusive employees 40[/quiz-tag]25-50[/quiz-tile] [quiz-tile][quiz-tag]exclusive employees 75[/quiz-tag]50-100[/quiz-tile] [quiz-tile][quiz-tag]exclusive employees 150[/quiz-tag]100-200[/quiz-tile] [quiz-tile][quiz-tag]exclusive employees 250[/quiz-tag]200-300[/quiz-tile] [quiz-tile][quiz-tag]exclusive employees 500[/quiz-tag]Greater than 300[/quiz-tile] [/quiz-body] [quiz-button][quiz-step-back-button][/quiz-step-back-button]Back[/quiz-button] [quiz-button][quiz-step-confirm-button]employees[/quiz-step-confirm-button]Next[/quiz-button] [/quiz-step] [quiz-step][quiz-tag]tools[/quiz-tag] [quiz-question]How do you currently record lab information?[/quiz-question]How does your team capture data: Equipment Logs, Sample Management, Supplies Inventory, Standards, Solutions, Formulation, Batch Records, Analytical?
[quiz-body] [quiz-tile][quiz-tag]tools paper enhance-benefit[/quiz-tag]Paper Notebooks[/quiz-tile] [quiz-tile][quiz-tag]tools proforma enhance-benefit[/quiz-tag]Proforma Sheets[/quiz-tile] [quiz-tile][quiz-tag]tools spreadsheets reduce-implementation-cost[/quiz-tag]Spreadsheets[/quiz-tile] [quiz-tile][quiz-tag]tools report reduce-implementation-cost[/quiz-tag]Instrument Reports[/quiz-tile] [/quiz-body] [quiz-button][quiz-step-back-button][/quiz-step-back-button]Back[/quiz-button] [quiz-button][quiz-step-confirm-button]tools[/quiz-step-confirm-button]Next[/quiz-button] [/quiz-step] [quiz-step][quiz-tag]tools2[/quiz-tag] [quiz-question]Which types of Software Tools, if any, does your team use?[/quiz-question]Select all that apply:
[quiz-body] [quiz-tile][quiz-tag]tools2 spreadsheets[/quiz-tag]Spreadsheets[/quiz-tile] [quiz-tile][quiz-tag]tools2 vis[/quiz-tag]Visualization Tools[/quiz-tile] [quiz-tile][quiz-tag]tools2 QMS[/quiz-tag]Quality Management System[/quiz-tile] [quiz-tile][quiz-tag]tools2 LIMS[/quiz-tag]LIMS[/quiz-tile] [quiz-tile][quiz-tag]tools2 doc[/quiz-tag]Document Management[/quiz-tile] [quiz-tile][quiz-tag]tools2 inv[/quiz-tag]Inventory Management[/quiz-tile] [quiz-tile][quiz-tag]tools2 stab[/quiz-tag]Stability Management[/quiz-tile] [quiz-tile][quiz-tag]tools2 other[/quiz-tag]Other[/quiz-tile] [/quiz-body] [quiz-button][quiz-step-back-button][/quiz-step-back-button]Back[/quiz-button] [quiz-button][quiz-step-confirm-button]tools2[/quiz-step-confirm-button]Next[/quiz-button] [/quiz-step] [quiz-step][quiz-tag]time[/quiz-tag] [quiz-question]How many hours does each member of your team spend on these activities?[/quiz-question]By understanding where your team spends the most time, we can evaluate what aspects of our system will bring your group the most success.
[quiz-body][quiz-tag]noFlex[/quiz-tag]You indicated you have [quiz-result]EmployeesRef[/quiz-result] employees. What percentage of their time is spent on the following activities?
What percentage is spent on the following data management activities?
By understanding the value of each member of your team’s time, we can evaluate the cost-savings that the SciCord solution would provide.
[quiz-body] [quiz-tile][quiz-tag]exclusive salary 30[/quiz-tag]$30k to $49k[/quiz-tile] [quiz-tile][quiz-tag]exclusive salary 50[/quiz-tag]$50k to $69k[/quiz-tile] [quiz-tile][quiz-tag]exclusive salary 70[/quiz-tag]$70k to $99k[/quiz-tile] [quiz-tile][quiz-tag]exclusive salary 100[/quiz-tag]$100k+ per year[/quiz-tile] [/quiz-body] [quiz-button][quiz-step-back-button][/quiz-step-back-button]Back[/quiz-button] [quiz-button][quiz-step-confirm-button]salary[/quiz-step-confirm-button]Confirm[/quiz-button] [/quiz-step] [quiz-step][quiz-tag]Outro[/quiz-tag] [quiz-question]Thank you for completing the SciCord ROI Calculator[/quiz-question] [quiz-body][quiz-tag]noFlex[/quiz-tag]Implementing the SciCord Informatics Platform would bring you an estimated expense reduction of [quiz-result]costReduction5Year green bold[/quiz-result] over 5 years, for a total return of [quiz-result]ROI5Year green bold[/quiz-result] over 5 years. Soft benefits, such as time to market, training, improved business processes, and compliance are not represented but should also be considered.
Fill out this form to see the report of your full results, and (optionally) schedule a meeting with us if you’re interested in learning more:
Begin Final Output
Implementing the SciCord Informatics Platform would bring you an estimated expense reduction of [quiz-result]costReduction5Year green bold[/quiz-result] over 5 years, for a total return of [quiz-result]ROI5Year green bold[/quiz-result] over 5 years. Soft benefits, such as time to market, training, improved business processes, and compliance are not represented but should also be considered.
Year | Estimate of Your Costs | Estimate of Savings SciCord Provides | SciCord Costs | % ROI | $ Value Added |
---|---|---|---|---|---|
1 | [quiz-result]costTotal1[/quiz-result] | [quiz-result]costReduction1[/quiz-result] | [quiz-result]SciCordCostYear1[/quiz-result] | [quiz-result]ROIPercentYear1[/quiz-result] | [quiz-result]ROIYear1[/quiz-result] |
2 | [quiz-result]costTotal2[/quiz-result] | [quiz-result]costReduction2[/quiz-result] | [quiz-result]SciCordCostYear2Plus[/quiz-result] | [quiz-result]ROIPercentYear2[/quiz-result] | [quiz-result]ROIYear2[/quiz-result] |
3 | [quiz-result]costTotal3[/quiz-result] | [quiz-result]costReduction3[/quiz-result] | [quiz-result]SciCordCostYear2Plus[/quiz-result] | [quiz-result]ROIPercentYear3[/quiz-result] | [quiz-result]ROIYear3[/quiz-result] |
4 | [quiz-result]costTotal4[/quiz-result] | [quiz-result]costReduction4[/quiz-result] | [quiz-result]SciCordCostYear2Plus[/quiz-result] | [quiz-result]ROIPercentYear4[/quiz-result] | [quiz-result]ROIYear4[/quiz-result] |
5 | [quiz-result]costTotal5[/quiz-result] | [quiz-result]costReduction5[/quiz-result] | [quiz-result]SciCordCostYear2Plus[/quiz-result] | [quiz-result]ROIPercentYear5[/quiz-result] | [quiz-result]ROIYear5[/quiz-result] |
5 Year Total | [quiz-result]costTotal5Year ROIred bold[/quiz-result] | [quiz-result]costReduction5Year green bold[/quiz-result] | [quiz-result]SciCordCost5Year bold[/quiz-result] | [quiz-result]ROIPercent5Year green bold[/quiz-result] | [quiz-result]ROI5Year green bold[/quiz-result] |
Your results are based on the following data:
Of course, there are additional variables that could affect the ROI, and a SciCord Sales Representative can help you understand the real benefit of implementing a comprehensive lab informatics platform.
Overall, implementing a lab informatics platform can significantly improve laboratory operations, streamline data management, enhance collaboration, and support data-driven decision-making processes.
Changed your mind about scheduling a meeting, or would like to provide us with some additional info/questions? Follow up here:
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End Final Output
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