Back/Forrester Research: Accuris's Engineering Workbench Delivers 305% ROI and Cost Savings
tech·November 27, 2024·forr

Forrester Research: Accuris's Engineering Workbench Delivers 305% ROI and Cost Savings

ED
Editorial
Cashu Markets·2 min read
TL;DR
  • Forrester Research's TEI study shows Accuris's Engineering Workbench achieves a 305% ROI over three years.
  • The study highlights $7.1 million saved through centralized procurement and $7 million from improved engineering productivity.
  • EWB enhances compliance and collaboration, reducing administrative tasks and allowing engineers to focus on core responsibilities.

Accuris's Engineering Workbench Drives Efficiency and Cost Savings in Engineering Practices

Accuris, a frontrunner in integrating authoritative content with advanced technology, presents significant findings from a Total Economic Impact™ (TEI) study conducted by Forrester Research regarding its Engineering Workbench (EWB). The study reveals that organizations implementing EWB can realize an impressive 305% return on investment (ROI) over a three-year period, with a net present value (NPV) of $13.35 million. Through interviews with four clients spanning different sectors, the TEI study highlights transformative benefits that stem from utilizing EWB, particularly in reducing costs and enhancing engineering efficiency.

One of the standout findings from the study is the avoidance of $7.1 million in costs through centralized standard procurement. This capability significantly streamlines access to various industry and government standards, eliminating the confusion and inefficiencies typically associated with managing multiple sources. Additionally, the EWB enhances engineering productivity by saving $7 million through decreased time spent on research and referencing. This time-saving allows engineers to concentrate more on design and innovation, thereby driving further advancements in their projects. The TEI study also reports $3.7 million in savings linked to reduced rework on technical tasks, underscoring the quality improvements achieved through EWB’s implementation.

Claude Pumilia, CEO of Accuris, emphasizes the pivotal role of EWB in transforming engineering organizations. Beyond the quantifiable financial benefits, EWB also provides qualitative advantages, such as improved compliance, risk management, and cross-team collaboration. The study indicates a substantial decrease in time spent on administrative tasks, enabling engineers to dedicate more focus to their primary responsibilities. Overall, the TEI study serves to validate that Accuris’s Engineering Workbench is not only revolutionizing engineering practices but also driving operational excellence across sectors.

In addition to the findings related to EWB, Veeam Software has recently been recognized as a Leader in the Forrester Wave™: Data Resilience Solutions, Q4 2024. This acknowledgment highlights Veeam's strong performance in strategy, innovation, and customer satisfaction, reinforcing its position as a preferred choice for enterprises seeking data resilience solutions in an increasingly digital landscape. The company, which supports over 550,000 customers globally, continues to evolve with significant product releases aimed at enhancing user experience and security features.

These developments illustrate how both Accuris and Veeam are leveraging research insights to refine their offerings and meet the changing needs of the engineering and data resilience markets, ultimately driving forward operational effectiveness and innovation.