ARIS Process Mining Software Recognized as a Powerful Solution for Process Optimization and Cost Reduction
Software AG’s ARIS Process Mining Software has been recognized as a powerful solution for process optimization and cost reduction. In a recent Forrester Total Economic Impact™ (TEI) impact report, the benefits of ARIS Process Mining Software were quantified based on interviews with customers who have implemented the solution.
The report found that organizations that implement ARIS Process Mining Software can achieve significant cost savings, improved efficiency, and increased revenue. Let’s take a closer look at some of the key findings and case studies from the report.
The report found that organizations that implemented ARIS Process Mining Software achieved cost savings in several areas, including reduced manual effort, reduced IT costs, and reduced compliance costs. In fact, organizations saw a 20% reduction in manual effort and a 25% reduction in IT costs. For example, a large insurance company that implemented ARIS Process Mining Software was able to achieve $2.4 million in cost savings over a three-year period.
ARIS Process Mining Software also helps organizations to improve efficiency by identifying bottlenecks and inefficiencies in their processes. The report found that organizations were able to reduce process cycle times by up to 50% and improve process visibility, leading to better decision-making and process optimization. For example, a global bank was able to reduce its loan application processing time by 20%, resulting in an additional $5 million in revenue per year.
ARIS Process Mining Software can also help organizations increase revenue by improving customer satisfaction and enabling faster and more accurate service delivery. The report found that organizations saw an increase in customer satisfaction by up to 10% and increased revenue by up to 5%. For example, a large telecom company was able to reduce customer complaints by 30% and increase revenue by $7 million per year by using ARIS Process Mining Software to improve its service delivery processes.
The TEI report also features several case studies that demonstrate the benefits of ARIS Process Mining Software. For example, a large financial services company was able to achieve a 126% ROI over a three-year period by using ARIS Process Mining Software to improve its onboarding process for new clients. The company was able to reduce its onboarding process time from three weeks to three days, resulting in a cost savings of $2.1 million.
Another case study featured in the report is that of a global manufacturing company that was able to achieve a 3-year ROI of 270% by using ARIS Process Mining Software to optimize its order-to-cash process. The company was able to reduce its order processing time from five days to one day, resulting in a cost savings of $11.7 million.
The TEI report on ARIS Process Mining Software clearly shows that the solution can have a significant impact on an organization’s bottom line. By reducing costs, improving efficiency, and increasing revenue, organizations can achieve a significant ROI over a relatively short period of time. The case studies presented in the report demonstrate the benefits that organizations across a range of industries have achieved by implementing ARIS Process Mining Software. As such, ARIS Process Mining Software is a valuable solution for organizations looking to optimize their business processes and achieve greater efficiency and profitability.
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