|
Current Data Entry Costs (Annually) |
|
|
|
|
|
Current Volume Analysis |
|
|
Average Documents per Day |
800 |
|
Avg. Number of Characters Data Entered per Document |
120 |
|
Characters KS per day |
96,000 |
|
Avg. Data Entry Rate in Keystrokes per Hour |
8500 |
|
Hours Required for Manual Data Entry |
11.29 |
|
Productive Hours per Data Entry Operator (Example is 1 shift) |
7 |
|
Operators Required per Shift |
1.6 |
|
|
|
|
Current Staffing Cost: |
|
|
# Full-time Operators |
$ 39,529.00 |
|
|
|
|
Total Annual Data Entry Costs |
$ 39,529.00 |
|
|
|
|
Form Processing System Investment |
|
|
|
|
|
Daily Volume Analysis |
|
|
Avg. Documents per Day |
800 |
|
Est. Characters per Doc. Requiring Verification |
36.0 |
|
Avg. Data Entry Rate in Key Strokes per Hour |
7,500 |
|
Hours of Data Entry Required |
3.84 |
|
Productive Hours per Data Entry Operator (1 shift) |
7.00 |
|
Operators per Shift (# Verifiers) |
0.55 |
|
Hours Available for Readers |
24 |
|
Forms per Hour for Reading |
33 |
|
Est. Seconds to Read |
10 |
|
Number of Readers |
0.1 |
|
|
|
|
Document Preparation & Scanning Labor Analysis |
|
|
Hrs. of Document Preparation (Remove Staples, Stack Neatly, Collate,
etc.) per Day |
0.9 |
|
Hrs. to Load and Unload Scanner per Day |
0.2 |
|
Recommended Scanner Pages Per Minute |
50 |
|
Hrs. of Scanning Labor per Day |
0.1 |
|
Hrs. of Reverse Document Preparation (re-staple, re-file, etc.) per Day |
0.2 |
|
Total Hrs. Doc. Prep. & Scanning Labor per Day |
1.4 |
|
|
|
|
New Staffing Model Cost: |
|
|
# Full-time Operators (from above) |
$13,440 |
|
# of Doc Prep/Scanner Operators (from above) |
$1,043 |
|
Total Labor |
$14,483 |
|
|
|
|
TeleForm System Investment |
|
|
Category |
|
|
|
|
|
Software |
$9,362 |
|
1 TeleForm Elite-Enterprise Base |
$6,742 |
|
1 TeleForm Reader(s) |
$2,620 |
|
Addl. TeleForm Verifier(s) |
$0 |
|
Addl.TeleForm Designer(s) |
$0 |
|
TeleForm PDF+ Module |
$0 |
|
TeleForm Internet Solution |
$0 |
|
|
|
|
Production Hardware |
$9,418 |
|
Network Server w/ RAID Storage (if required) |
$0 |
|
Workstations (if required) |
$0 |
|
Panasonic KV-S2055L Scanner |
$8,300 |
|
Adaptec Card(s) |
$249 |
|
SCSI Cable(s) |
$69 |
|
Annual Scanner Maintenance |
$800 |
|
|
|
|
Training |
$1,200 |
|
TeleForm IS Training |
$600 |
|
TeleForm End User Training |
$600 |
|
|
|
|
Annual Software Support |
$1,592 |
|
|
|
|
Total Software |
$9,362 |
|
Total Hardware |
$9,418 |
|
Total Training |
$1,200 |
|
Total Annual Software Support |
$1,592 |
|
|
|
|
Total System Cost |
$21,572 |
|
|
|
|
RETURN ON INVESTMENT |
|
|
|
|
|
Estimated Benefits |
|
| Year
1 |
$3,474.00 |
|
Year 2 |
$ 24,707.00 |
|
Year 3 |
$ 25,942.00 |
|
|
|
|
ROI Calculation |
|
|
Total 3 Year Benefit |
$ 75,695.00 |
|
Total System Investment |
$ 21,572.00 |
|
Difference |
$ 54,123.00 |
|
|
|
|
ROI (in 3 years) |
351% |
|
Months until Payback |
10.3 |
