ROI CALCULATOR

While a Content Service Platform (CSP) is widely known to positively impact across multiple lines of business, such as customer service, contract management, sales operations, marketing, and others, executive teams often require hard numbers to justify the investment.


The ROI that you may experience from implementing a CSP depends on your own, unique use cases and can vary by department. Iron Mountain can help you with those additional calculations in a discovery workshop; however, the following cost savings are likely to be seen across all organizations:

Calculate Savings

Savings on Search Times

Total savings per month @ 50%
0

Typically, reducing the time wasted on searching for files is where organizations see the most benefit from utilizing a Content Services Platform. Various surveys by researchers have found that employees can spend between 12.5% and 50% of their time looking for information. Here we will use McKinsey’s figure of 19% as our benchmark.

A well managed Content Service Platform can reduce these costs by at least 50% or more.

Number of individuals
Consider the total number of employees that need to search for assets each month
Average wage per hour
Assume the average across a department. For example, according to salary.com the average salary for a contracts administrator is $33/Hour
Hours spent searching for assets per month
On average can spends between 20-80 hours per month searching for documents

Duplication Time

Total savings per month
0

Typically, reducing the time wasted on searching for files is where organizations see the most benefit from utilizing a Content Services Platform. Various surveys by researchers have found that employees can spend between 12.5% and 50% of their time looking for information. Here we will use McKinsey’s figure of 19% as our benchmark. A well managed Content Service Platform can reduce these costs by at least 50% or more.

Number of new assets added each month
Consider assets that have been created in-house, and purchased from 3rd parties
Average cost of an asset
Examples:
$880-$1,220 for 1 minute video production
$155 to recreate a 3 page text document
$12-$33 per stock Image
% of assets that need to be recreated
According to IDC, on average, 4% of documents get recreated

Content Sharing

Total savings per month
0

CSPs often replace existing content sharing solutions, such as network file sharing solutions such as Microsoft SharePoint or Dropbox, file transfer systems like Sendy Pro or WeTransfer, and on-premise servers.

0
Storage cost per month
The cost per user for dropbox advanced is $20
Number of people
Cost per user
0
File transfer cost per month
The cost per user for Sendy Pro is $7.99
Number of people
Cost per user
0
Server cost per month
Consider all on-prem systems across the organization.
Number of servers
People to maintain
Average annual salary
% of time

SUMMARY

Actionable insights from “dark data” empower critical decision making that drives performance and ROI.

 

Organizations also often encompass multiple departmental “silos,” each utilizing its own records and information management processes. This lack of standardization creates inefficiencies that can negatively affect your ability to gain critical business insights from your information, and increases the risk of audits and legal action.

 

Iron Mountain InSight® can help you visualize your data regardless of format – physical or digital – you can accelerate time-to-revenue and reduce inherent external and internal risks within your organization

Savings on Search Times
0
Duplication Time
0
Content Sharing
0
Total Savings per Month:
0
Total Savings per Year:
0

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