A June 2017 Total Economic Impact™ (TEI) study conducted by Forrester Consulting on behalf of Galvanize uncovers the potential ROI of HighBond for a government administration department.
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 US government administration department realized a number of financial and efficiency gains using the HighBond platform.
Key findings:
- An ROI of 702% (over three years).
- Improved HR compliance management.
- Recovery of $2.9 million in vendor overpayments.
- More procurement audits completed each year.
- Improvement of 115% in vendor-on-time reporting.
