return on investment - infographic

1
51 52 53 54 55 56 57 58 59 60 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 days with simple, easy reporting and prompting 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. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 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 1 day per week processing subcontractors’ applications and certificates = Contracting specific software can reduce this by saving £4000 80% £ Never miss a retention release date again Automated workflows mean you won’t forget when your client retentions are due for release £3m Contract Retention 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 TIME TO CREATE EXCEL REPORTS REPORTS DELIVERED IN EXCEL OR AS A DASHBOARD TO THE RIGHT PERSON AT THE RIGHT TIME EASY REPORTING AT 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 spends 2 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% Contracting specific 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 contracting specific 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 manage their 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. + Salary EQUE 2

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7 reasons to consider construction or contractingspecific software for your business

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Page 1: Return on Investment - Infographic

51 52 53 54 55 56 57 58 59 60

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.

1 2 3 4 5 6 7 8 9 10

11 12 13 14 15 16 17 18 19 20

21 22 23 24 25 26 27 28 29 30

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.

+

Salary

EQUE 2