Accuris Engineering Workbench Achieves 305% ROI for Organizations According to Forrester TEI Study

Accuris Engineering Workbench: A Game Changer for ROI and Efficiency

In a rapidly evolving engineering landscape, efficiency and cost savings are paramount. The recent Total Economic Impact (TEI) report by Forrester Research sheds light on how the Accuris Engineering Workbench (EWB) stands out as a transformative tool for organizations looking to optimize their engineering processes. According to the study, companies employing EWB can expect an incredible 305% return on investment over three years, coupled with a net present value of $13.35 million. This staggering ROI reflects the significantly positive impact the platform has on organizational efficiency and compliance.

The Study's Insights

The Forrester study was conducted through interviews with four diverse clients currently leveraging the EWB across various industries. Researchers discovered that the integration of the EWB yielded substantial advantages, including enhanced compliance, accelerated efficiency in accessing and updating standards, and substantial cost reductions.

Cost Reductions and Benefit Highlights

1. Centralized Standard Procurement: By consolidating industry and government standards into a unified platform, organizations saved $7.1 million over three years. Previously, firms dealt with multiple subscriptions and manual retrieval processes that racked up administrative costs. EWB's centralized approach streamlined these purchasing processes and bolstered compliance.

2. Increased Engineering Efficiency: The EWB significantly cuts down the time engineers spend on research and referencing, allowing them to concentrate on higher-value design and innovation tasks. This shift resulted in $7 million in saved labor, augmenting overall productivity.

3. Reduction in Rework: Implementing the EWB led to a noticeable decline in technical rework on engineering tasks, translating to savings of $3.7 million over three years. This enhancement not only improved output quality but also drove up the pace of engineering projects.

According to Accuris CEO, Claude Pumilia, "The findings of this study resonate with what our clients have communicated — the Engineering Workbench is revolutionizing how engineering teams operate. By providing a centralized platform for standards management, Accuris empowers organizations to streamline their processes, improve compliance, and unlock innovation."

Beyond Financial Gains

The benefits of the EWB extend past quantifiable returns. Users also report significant qualitative improvements, such as enhanced compliance and risk management, better cross-team collaboration, and more efficient digital workflows. These attributes stem from features like direct standards integration into management systems, which further promote operational efficiency.

One Chief of Engineering Standards from the aerospace and defense sector highlighted, "Engineering Workbench dramatically reduced the time we spent researching and referencing standards, enabling engineers to devote more time to designing and innovating."

Another user affirmed, "The use of a single platform for accessing both industry and government standards has simplified our processes, drastically cutting down the time spent on procurement and document management."

Conclusion: A Must-Have for Engineering Organizations

As the findings from the Forrester TEI study reveal, the Accuris Engineering Workbench is crucial for any engineering-focused organization striving for modernity and efficiency in their standards management. With projections of $17.4 million in cost savings as well as gains in operational efficiency and compliance capabilities, EWB presents itself as an indispensable asset for industries deeply entrenched in engineering tasks.

For comprehensive insights into the Accuris Engineering Workbench and to access the entire Forrester TEI study, visit Accuris Tech.