A recent commissioned Total Economic Impact (TEI) study conducted by Forrester Consulting on behalf of Oracle found that Oracle Business Intelligence (BI) Applications can deliver significant ROI by providing complete, real-time, and enterprise wide insight for all users, enabling fact-based actions and intelligent interaction(1).
After conducting in-depth interviews with four Oracle Business Intelligence Applications customers that shared quantitative and qualitative results, the study found that the companies realized the following key benefits:
Significant ROI(2) - experienced a three-year risk adjusted return on investment of 97 percent with a 20-month payback period;
Lower procurement spend(3) - realized five percent lower procurement costs in the first year and increased to seven percent in the second year;
Accounts payable savings(4) - achieved savings of more than $1 million per year by the third year;
Lower inventory working capital(5) - experienced 15 percent reduction in inventory for the affected product categories over three years;
Increased gross sales and prices - increased gross sales by 0.4 percent in affected parts of the organization(6) and increased average sales price by 0.3 percent(7) over three years;
IT and business labor savings - achieved efficiencies in both the IT and business sides of the organization;
Forrester's TEI analysis measures costs and benefits in areas typically accounted for within IT. It also weighs the enabling value of a technology in increasing the effectiveness of overall business processes. This study provides enterprises with a framework to evaluate the potential financial impact of Oracle BI Applications.
Oracle BI Applications are complete, pre-built BI solutions designed to deliver intuitive, role-based intelligence across every level of an organization, from front-line employees to senior management, enabling better decisions, actions, and business processes.
With native support for tablet and mobile devices, Oracle BI Applications support large numbers of concurrent users and are certified to run on Oracle Exalytics In-Memory Machine.
"I believe this study demonstrates the value that Oracle Business Intelligence Applications can deliver to its customers," said John O'Rourke, Vice President, Product Marketing for Business Analytics at Oracle. "By integrating business intelligence at the application layer, users with all levels of technical expertise can harness the power of business analytics to make valuable and profitable decisions."