The Total Economic Impact™ Of Newgen Software
Cost Savings And Business Benefits Enabled By Newgen Software
A FORRESTER CONSULTING TOTAL ECONOMIC IMPACT™ STUDY COMMISSIONED BY NEWGEN
Customers achieved 371% ROI with Newgen! Get the Forrester Total Economic Impact™ study of Newgen
Forrester study reveals an ROI of 371% and NPV of $29M over three years and a payback period of less than six months for Newgen’s low code and cloud-based platform.
Newgen commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study and examine the potential return on investment (ROI) enterprises may realize by deploying Newgen Software. Forrester interviewed three decision-makers with experience of using Newgen Software. For the purposes of this study, Forrester aggregated the interviewees’ experiences and combined the results into a single composite organization.
- The Forrester Total Economic Impact™ study reports that Newgen Software delivered the following risk-adjusted present value (PV) quantified benefits to the composite enterprise using Newgen platform
- $5.3 million worth of value accrued over three years by digitizing manual data entry. Newgen platform, with its auto-extraction of data, auto-data validation, and single screen for data entry, enabled 50% in time savings on average per year
- $11.3 million in savings over three years through workflow digitization in the call center
- $20.1 million over a three-year horizon by automating the accounts payable process for faster revenue recognition
- $303K operational cost savings. Implementation of Newgen’s solution enabled the integration of existing systems and applications in a unified platform at scale. Furthermore, decommissioning unnecessary IT systems led to the cost savings
The composite enterprise achieved several unquantified benefits along with the quantifiable benefits, including enhanced employee and customer experiences, better adherence to regulatory compliance, improved innovation and agility with low code, and more.
*While Forrester does not promote or endorse any organization, we believe this study holds valuable information that will help you consider the benefits and potential changes that Newgen Software can bring to your enterprise.