Sometimes, we get asked in the sales process about the ROI (Return on Investment) of buying and implementing a digitized frevvo workflow vs continuing with the current way of doing things. Typically, this means sending an Excel or PDF document around by email for approvals.
Emailing Excel and PDF documents for approvals is incredibly expensive.
The manual approach is fraught with problems:
- How do you ensure that you have the latest version? Shared folder? Intranet?
- How do you actually get the approvals? Via e-mail? Schedule a meeting? What happens if someone is on vacation or fails to respond in a timely manner? What if there’s an error? More e-mail?
- What if a signature is required? Attachments? Does this mean printing, signing and scanning?
- How do you keep track of and formally record who has approved the document? Save multiple e-mails? Meeting notes?
- What will happen months from now when you need to find the signed and approved document?
An automated approval workflow from frevvo can quickly save you a lot of money. In most cases, you will start seeing ROI with frevvo in less than 3 months (even faster at higher volumes). Check out this ROI calculator for a Purchase Requisition or click on the image to see how frevvo can save you $$$.
As a bonus, you’ll have happier employees who can focus on customers and new business opportunities rather than chasing down paper. Interested? Contact us now to learn more.