Workflow automation can dramatically reduce costs and improve efficiency. Here's how to calculate the ROI.
Identifying Automation Opportunities
Look for processes that are:
- Repetitive and rule-based
- Time-consuming for staff
- Prone to human error
- High-volume transactions
Calculating ROI
Use this simple formula:
ROI = (Time Saved × Hourly Cost × 12) - Implementation Cost
Top Processes to Automate
- Invoice Processing: Save 80% of processing time
- Order Fulfillment: Reduce errors by 95%
- Inventory Reordering: Never run out of stock
- Employee Onboarding: Consistent experience every time
- Report Generation: Real-time insights on demand
Key Insight
The average company sees 300-400% ROI on workflow automation within the first year.