How will your software help us generate more revenue?
How do we measure the overall ROI of software of ERP application.
How do we measure the overall ROI of software of ERP application?
You can explore the following approach:
#1 - ROI by Payback Period (shorter the better)
https://www.lexisnexis.com/legalnewsroom/banking/b/banking-finance/archive/2014/05/06/measuring-roi-using-the-payback-approach.aspx
#2 - ROI by Net Present Value (NFV)
https://www.lexisnexis.com/legalnewsroom/banking/b/banking-finance/archive/2014/05/30/measuring-roi-using-the-net-present-value-approach.aspx
#3 - Just ROI i.e. Total Benefit or Return of ERP Investment divide by Total ERP Cost of Investment
http://avc.com/2010/01/how-to-calculate-a-return-on-investment/
Thank you sir,
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