A February 2019 Total Economic Impact™ (TEI) study conducted by Forrester Consulting on behalf of Galvanize uncovers the potential ROI for a large international manufacturing company.
To better understand how the HighBond platform has impacted a real customer, Galvanize commissioned a third-party research company to conduct a study to measure the benefits, costs, and tangible value of the HighBond platform. Forrester Consulting found that a large international manufacturer, headquartered in Latin America, realized a number of financial and efficiency gains using the HighBond platform.
Key findings:
- An ROI of 373% (over three years).
- Savings of $2.4 million through reduced third-party risk, fraud, waste, and abuse.
- Cash-flow benefits of $501,000 due to reduced days of receivables outstanding (DRO).
- Inventory cost savings of $532,000.
- Avoided salaries of two or more full-time compliance team members.
