Calculating Return-on-Investment (ROI) for Knowledge Base Software & Self-help Tools
Increased First Call Resolution Rate Lowers Costs
Knowledge Management is the ongoing process of capturing, optimizing, and delivering information. It is not a one-time purchase of a new support center tool. Therefore to calculate the Return On Investment (ROI), you need to evaluate the cost of implementation and the cost of management. Quantifying the financial savings benefits of a knowledge base can be difficult.
Most managers are able to forecast the costs, but struggle to forecast the savings. Companies struggle to put a value on customer satisfaction, job satisfaction, quality service, and the intellectual capital that is captured in the knowledge base. Before you can forecast an improvement using a knowledge base, you have to establish a baseline from which to measure.
This knowledge base white paper demonstrates how to calculate and quantify savings from:
- Reducing the average call time in your call center
- Increasing the first call resolution rate
- Reducing the escalation rate
- Reducing the training time of a new support person
IT Help Desk Whitepapers
- How Does Your Help Desk Measure Up? - A Help Desk can cut costs and enhance productivity. Is yours meeting the mark?
- Considerations for Outsourcing: Service Desk - A guide to improving your Service Desk and Service Delivery performance through outsourcing
- Looking Beyond the Sticker Price - "What it really costs to operate a call tracking system" - Summary of Acquisition and Lifetime Costs
- How Does the Cybersecurity Information Sharing Act (CISA) Impact the Hospital and Healthcare Industry