Justifying the Cost of a CMMS – ROI Calculation
Calculating your return on investment (ROI) is critical to knowing on which side of account you stay. According to statistics, computerized maintenance management systems can help companies save between 10 and 15 percent of their annual maintenance budgets. But due to the cost of CMMS solutions, many companies are skeptical about implementing one. The cost of a CMMS system can be easily justified. In addition to helping maintenance managers and facilities track expenses and compare them against budget allocated by different cost centers, a CMMS also allows you to justify next year’s budget for personnel, contractors and/or purchases. But the benefits of CMMS systems go much further than that – keep reading to find out how they can help you increase your ROI, and what justifies their cost.