SciCord

ROI Calculator

SciCord ROI Calculator

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optimizing operational support, infrastructure (hardware) provisioning, infrastructure support, and license fees from superseded software products.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.

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What Industry are you in?
Pharmaceuticals
Oil and Gas
Environmental
Food and Beverage
CRO/CMO
Biotechnology
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Does your lab require GxP compliance?

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.

Yes
No
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How many employees work on your team?

Include only staff who record information – read-only access for managers or customers should not be included in this count.

≤ 15
15-25
25-50
50-100
100-200
200-300
Greater than 300
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How do you currently record lab information?

How does your team capture data: Equipment Logs, Sample Management, Supplies Inventory, Standards, Solutions, Formulation, Batch Records, Analytical?

Paper Notebooks
Proforma Sheets
Spreadsheets
Instrument Reports
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Which types of Software Tools, if any, does your team use?

Select all that apply:

Spreadsheets
Visualization Tools
Quality Management System
LIMS
Document Management
Inventory Management
Stability Management
Other
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How many hours does each member of your team spend on these activities?

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?

  • Searching for physical resources in the building or lab
  • Searching for sample data or experimental data
  • Analyzing and Trending Data

%


What percentage is spent on the following data management activities?

  • Recording sample or experimental data
  • Reporting
  • Reviewing and Approving

%

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What is the average “Fully Loaded” salary of your team members?

By understanding the value of each member of your team’s time, we can evaluate the cost-savings that the SciCord solution would provide.

$30k to $49k
$50k to $69k
$70k to $99k
$100k+ per year
Back Confirm
Thank you for completing the SciCord ROI Calculator

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

Your Costs and Return on Investment Report


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:

  • GxP:
  • Users:
  • Time an employee currently spends per day on documentation/testing activities that would be more efficient with SciCord:
  • Average user salary:
  • We assume that your labor and related costs will increase by ~5% per year

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.

  1. Improved data management: Lab informatics platforms provide efficient and centralized data management systems. They allow for the storage, organization, and retrieval of vast amounts of scientific data, reducing manual errors and improving data integrity.
  2. Enhanced efficiency and productivity: By automating various laboratory processes, such as sample tracking, data entry, and instrument integration, lab informatics platforms enable scientists and researchers to focus more on their core tasks. This leads to increased productivity and faster turnaround times.
  3. Standardization and compliance: Lab informatics platforms often incorporate standardized workflows and protocols, ensuring consistency across experiments and reducing variations in results. They also facilitate compliance with regulatory requirements and industry standards, such as Good Laboratory Practices (GLP) and Good Manufacturing Practices (GMP).
  4. Data analysis and reporting: Lab informatics platforms typically offer robust data analysis tools, allowing scientists to extract meaningful insights from their experimental data. These platforms can generate customizable reports and visualizations, aiding in decision-making processes and facilitating collaboration.
  5. Collaboration and knowledge sharing: Lab informatics platforms often include features that promote collaboration among researchers and teams. They provide a centralized platform where scientists can securely share data, protocols, and results, fostering communication and knowledge exchange.
  6. Inventory and resource management: Lab informatics platforms often incorporate inventory management modules that help track and manage laboratory supplies, reagents, and equipment. This ensures efficient resource allocation, minimizes wastage, and aids in budgeting and procurement processes.
  7. Traceability and audit trails: Lab informatics platforms maintain detailed audit trails, tracking the history of data modifications and user actions. This feature helps ensure data integrity, supports troubleshooting efforts, and provides a traceable record for quality control and regulatory purposes.
  8. Integration with other systems: Lab informatics platforms can integrate with existing laboratory instruments, analytical devices, and other software systems. This allows for seamless data transfer and integration, reducing manual data entry and improving overall workflow efficiency.
  9. Scalability and adaptability: Lab informatics platforms are designed to accommodate the growing needs of laboratories. They can scale up to handle increasing data volumes, additional instruments, and expanding research projects. They also offer flexibility to adapt to evolving scientific workflows and changing laboratory requirements.

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:

Contact Us

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