Why an Analytics Reporting Tool can Help you Save 11,000$ per Month
Most of our clients didn’t see this before. They were losing thousands of dollars each month, but this didn’t seem a big deal. After all, they have to create reports, don’t they?
I believe this is the same thing as harvesting crops by hand instead of using specialized machinery. Today, harvesting manually your potatoes’ field would be a non-sense, wouldn’t it? Of course, because this is a repetitive process that technology have helped improve and speed up significantly.
The same reasoning applies to reporting. It’s a manual, repetitive and recurring task that occurs each and every month for the rest of your life. Could a machine replace you doing this task? Of course!
What about the economic value?
Have you ever done the maths?
- Let’s say that one report takes you 3 hours.
- Let’s say an employee cost 35$/hour
- Let’s say you have 30 clients.
That would cost you 3 hours X 35$/hour X 30 clients = 3,150$
On top of that, you have to count the lost production hours that you could have billed your clients for, let’s say, 100$/hour. That means 3 hours X 100$ X 30 clients = 9,000$ of lost revenue.
You are losing about 12,000$ each month. That’s 144,000$ per year. Just because you thought reporting wasn’t a big deal. Picking up potato one by one isn’t a big deal either until we realized how much we could save by automating the process.
Using an automated analytics reporting tool like DashThis can help you cut your reporting time by 90%. That means an extra 10,000$ in your pockets each month. Without any effort!
So, how much money are you losing by doing your clients’ reports manually each month?