Case Study: A Breakdown Of The Return On Investment A Contactless FM System Can Bring
Péarlaí Survey Results: What FM Experts Said Their Biggest Challenges Were
July 14, 2022
How A Client Gained 9,900% ROI When Using Péarlaí’s Contactless FM System
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In the first case, a busy multinational supermarket used Péarlaí’s system to monitor the use of their wet floor signs, with hopes of saving money by reducing the amount of public liability claims they received. They did this by using the system to provide indisputable data as evidence of wet floor signs being put out, allowing them to defend claims. Tagging 15 wet floor signs cost €5 per sign per month (€75 a month, or €900 a year). On average, the supermarket chain in question receives 3 slip and trip public liability claims a year. Each claim costs €30,000 on average, meaning the supermarket was paying out €90,000 annually.
With an investment of just over €1,100 a year, and the possibility of preventing €90,000 of public liability claims, this means that by using Péarlaí’s advanced contactless system, clients like the multinational supermarket branch in this case could see a return on investment of €88,900 per year (9900%).
Another context in which Péarlaí’s system has provided clients with huge returns on investment is through monitoring asset usage. Péarlaí’s system can provide accurate location data and dwell times for tagged assets, meaning clients can make sure that assets are being used the contractual number of times a week as agreed upon with their facility management company. At £95 per week or £380 a month for a client to use assets including ride-on cleaning machines and Vispas, these assets not being used can be a huge waste of money. For example, if a client agrees with their facility management company to use certain assets 3 times per week and the assets are only used once, it means £63.34 a week is being spent on nothing. This rounds up to £3,293.68 wasted per year and can easily be avoided with a contactless system which can provide you with proof that your staff are using the assets in question and that the money isn’t going to waste.
For £5 per asset per month, or £60 a year, you can have peace of mind that £3,293.68 or even more of your company’s funds aren’t going to waste through assets not being used when they should be, providing a R.O.I of £3,233.68 a year (5,388%).
A third area where Péarlaí’s system can provide returns on investment that other systems might not is the ability to alert management when standards drop and allow them to resolve this quickly. In the case of one client, using Péarlaí’s system they found that when management weren’t on site, specifically on Thursday evenings and Sundays, standards dropped by up to 50%. For every one staff member being paid £13 an hour wasting 6 hours per week between these times, £78 a week or £4,056 a year was being wasted.
Péarlaí’s system automatically logged compliance data and identified this issue of standards dropping when management weren’t present. As a result, the problem could be resolved and up to £3,876 a year was able to be saved by the client once the issue was resolved. At a cost of £15 per month per member of staff, or £180 a year, this return on investment came to 2,153%, along with helping to always maintain standards and help the business remain efficient.
In conclusion, there are a number of areas and contexts in which using a contactless system like Péarlaí’s can provide returns several times the amount of the original investment. But saving money isn’t the only benefit systems like this can provide your business with- Time can be saved and standards can be improved, to create a more efficient workforce and earn more positive referrals and more business.
To get in touch with us, email us today at contact@pearlai.com or call 028 30256246.
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