return on investment - infographic
DESCRIPTION
7 reasons to consider construction or contractingspecific software for your businessTRANSCRIPT
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Use on/off hire dates, including part off hire, to keep control of plant and know what it’s cost-ing against any particular project. Understand exactly where and when it will be used, and what’s available so you don’t spend money hiring unnecessarily.
Ensure plant is not left on site when not required, and plant hire is billed accurately against use.
Ensure your debt-chasing process is efficient A company could reduce their typical debtor days from
65 to 55 dayswith simple, easy reporting andprompting from contracting business software
As well as improving your cash flow, you’ll have less interest to pay on debt, or more interest coming in on a credit balance, along with lower bank charges.
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31 32 33 34 35 36 37 38 39 40
41 42 43 44 45 46 47 48 49 50
61 62 63 64 65
with a current debtor figure of £500k and an overdraft rate of 8% APR save £6153.85
Salary£40k
Financial Data Analyst
Spends a quarter of their time on generating reports and data preparation.
With simple automated reporting time needed is decreased by
saving £1000
-10%
Admin Clerk
Salary£25k
1day perweek
processing subcontractors’ applications and certificates
=
Contracting specific software can reduce this by
saving £4000
80%
£Never missa retention release date againAutomated workflows mean you won’t forget when your client retentions are due for release
£3m
ContractRetention
2.5% £75k=save £1,500 per annum
in potential interest (8% (APR) if you needed to borrow money if this retention was not chased on time.
ON
1 ton truck
1 2
3 4 £600=Onsite 4 wks
in error
x10 across the business
£6000=OFF
MULTIPLE DAYS OF STAFF TIMETO CREATEEXCEL REPORTS
REPORTS DELIVEREDIN E XCEL OR AS ADASHBOARDTO THE R IGHT PERSONAT THE RIGHT TIME
EASY REPORTINGAT THE CLICK OF A BUTTON
REDUCE TIME BY -50%
Give your financial director the time to focus on business and data analysis rather than time consuming data manipulation and production of reports.
Multi-dimensional data analysis and the ability to quickly segment data, means that data can be viewed from different angles - improving business decision making.
10% -30%
Contracting specific software
current time on reports
time saved with software£50k
saving £1,500
+ =
An average business spends2 days per week completing timesheets and processing payroll
1 2
No more data duplication or data re-entry into multiple systems with systems with integrated accounts, payroll and timesheet entry - one single integrated system, reduce risk and ensure data is accurate and up to date.
-50%
Contractingspecific software
reduced time
saving 1 day per week
52 days per year
Improve cashflow £
Reduce unnecessary overheads with tightly controlled management of plant and equipment
More time to focus on strategy
Reduce staff time producing and processing data
Better use of staff resources and information for improved business decision-making
Free up your staff to focus on driving the business forward
Reduce errors & data duplication
Financial Director
7 reasons to consider construction or contractingspecific software for your business
Return On Investment
per annum
per annum
per annum per annum
per annum
A bit about us...Eque2, is the market-leading software supplier to all sizes of businesses in the construction, house building and service & maintenance industries. With over 800 customers using our construction-specific software, we aim to make it easier for construction and contracting companies to managetheir business through integrated processes, for better visibility and control of projects throughout their lifecycles.
Disclaimer
The examples provided in this infographic are for illustration purposes only and intended to provide general information about ROI calculations which may be of interest and it is not an official information source. Reproduction in whole or part without written permission is strictly prohibited. © 2012 Sage (UK) Limited. All rights reserved.
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Salary
EQUE 2