Return on Investment (ROI)
Definition
A measure of the profitability of an investment, calculated as the net benefit divided by the cost.
Overview
Return on Investment (ROI) quantifies the value generated by an investment relative to its cost. For automation and integration projects, ROI typically includes labor savings, error reduction, faster processing, and revenue enablement, offset against implementation and ongoing costs. ROI analysis helps prioritize initiatives and justify investments. Typical automation ROI factors include reduced FTE requirements, faster cycle times, and error cost avoidance.
Why It Matters
Without clear ROI measurement, automation initiatives lose executive sponsorship and budget priority. Demonstrating quantifiable returns—in labor savings, error reduction, and speed improvements—is essential for securing continued investment in operational excellence.
How New Odyssey Helps
New Odyssey provides built-in ROI dashboards that track labor savings, error reduction, and cycle time improvements from day one, giving stakeholders clear visibility into the value delivered by every automated workflow.