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optimizing operational support, infrastructure (hardware) provisioning, infrastructure support, and license fees from superseded software products.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.
Note: You will need to provide your email to receive the full report of your results, with all calculations explained. If you do not, you will still see an estimate of your final ROI.
BeginThe 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.
Include only staff who record information – read-only access for managers or customers should not be included in this count.
How does your team capture data: Equipment Logs, Sample Management, Supplies Inventory, Standards, Solutions, Formulation, Batch Records, Analytical?
Select all that apply:
By understanding where your team spends the most time, we can evaluate what aspects of our system will bring your group the most success.
You indicated you have 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.
Implementing the SciCord Informatics Platform would bring you an estimated expense reduction of over 5 years, for a total return of 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 full report of your results immediately. We’ll also reach out within 24 hours to discuss your needs in more depth:
Begin Final Output
Year | Estimate of Your Costs | Estimate of Savings SciCord Provides | SciCord Costs | % ROI | $ Value Added |
---|---|---|---|---|---|
1 | |||||
2 | |||||
3 | |||||
4 | |||||
5 | |||||
5 Year Total |
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:
Disabled final form – honeypot script causes issues with both on the page[//wpforms id=”6590″]
End Final Output