Projecting the ROI of GoToAssist
GoToAssist is a powerful, cloud-based set of tools that drive service efficiency and customer satisfaction in a single, integrated solution.
Designed to enable support organizations to delight internal and external customers from an efficient, integrated and scalable platform, GoToAssist has been the market-leading IT help desk software six years in a row.
GoToAssist is delivered in two main modules. In this document, we will focus on GoToAssist Remote Support and Service Desk.
GoToAssist Remote Support empowers IT professionals, consultants and managed service providers to quickly deliver live and unattended screen sharing sessions to users using Windows, Mac and mobile devices.
GoToAssist Service Desk enables support providers to easily and efficiently manage, track and resolve issues. IT teams and help desks can leverage a robust service management tool that’s simple to deploy and simple to use.
For any organization that prioritizes customer service, leveraging the GoToAssist family of products should be a priority. Most businesses, however, expect a reasonable amount of financial scrutiny before an IT investment is authorized, including an investment in GoToAssist. How can an organization determine whether a GoToAssist deployment represents a sound investment that will return value? A logical approach would be to produce a return-on-investment (ROI) analysis, often called a business-case analysis, business-value assessment or cost-benefit analysis.
This paper presents a simple overview of the business-case analysis process and demonstrates how a representative company may assess whether a proposed acquisition in GoToAssist is to its financial advantage. Technology Finance Partners, a firm specializing in producing ROI analyses, has cooperated with the brand to demonstrate the potential economic value of GoToAssist in a specific customer environment. This paper presents a representative analysis that
leverages current and projected state data based on the collective best estimates of both companies. Your costs and benefits may differ substantially from those depicted here.
Return on Investment Overview
ROIs analyses are leveraged by organizations hoping to make informed decisions about the deployment of its financial resources. Given that an enterprise likely cannot fund all possible projects under consideration, an ROI analysis is a valuable tool to promote rational decision-making about investments of a sufficient magnitude.
An accurate, transparent and conservative ROI analysis provides a good starting point for the discussion of investment opportunities. An ROI analysis is summarized in several key financial metrics that enable it to be evaluated from a dispassionate and rational perspective. The key financial metrics provided within an ROI analysis enable decision-makers to make informed investment decisions that are most likely to be in the company’s best interest.
A typical ROI analysis occurs in four steps:
1.Forecast benefits expected to be realized from the investment under consideration.
2.Project associated costs including internal and vendor expenditures of time and financial resources.
3.Map benefit and cost projections over a reasonable time horizon (typically five years).
4.Calculate key financial metrics that take into account the magnitude and timing of projected benefits and costs.
An ROI Analysis for GoToAssist
For the purpose of building a representative ROI analysis for an organization considering an investment in GoToAssist, let’s create an imaginary company. Global Software is a U.S.-based provider of project management software with 120 employees worldwide, most of whom are engaged in the development and support of its flagship project management products.
Global Software prioritizes effective customer service as a core value. When technical issues or usability concerns arise, it takes whatever action is necessary to respond to the questions promptly and completely. However, such responsiveness has proven to be a significant cost driver. Over the years, the cost of customer support has increased at a rate higher than that of revenue, and senior management is actively looking for ways to control costs without compromising quality customer service.
Following the best practices documented by Technology Finance Partners, Kim projects three scenarios representing a range of potential benefit — conservative, likely and optimistic. In doing so, Kim builds her credibility by acknowledging the inherent uncertainty of projecting future events. In her ROI document, Kim groups a qualitative description of the benefit alongside a transparent and well-sourced depiction of all data, as we see below.
1. Forecast Benefits
The first benefit that Kim quantifies relates to the ability to diminish the number of technician-handled calls with GoToAssist.
The second benefit that Kim quantifies relates to reduced handle time on some of the calls that remain after self-service calls have been removed.
Next, Kim projects the revenue impact of providing better customer service.
Finally, she evaluates the value of reducing the frequency of occasions in which travel is required to support a customer service issue.
2. Project Costs
Kim projects the costs associated with GoToAssist. As a cloud-based solution, GoToAssist is available to any authorized user with a web connection; there are no additional installation, maintenance or support costs associated with GoToAssist.
The GoToAssist modules are available individually or as a complete solution. For Kim’s business case for Global Software, the requirement is for twelve seats of GoToAssist Remote Support and Sales Desk.
3. Map Benefits and Costs Over Time
Kim then projects costs and benefits over five years taking into account the time expected to fully train users and the expected growth of the business. The values below are derived from the conservative benefit scenario described above. Kim would likely review all three scenarios with her management to provide the most complete review of the possible outcomes of a decision to purchase GoToAssist.
4. Calculate Key Financial Metrics
Kim provides key financial metrics to her management for all three benefit scenarios. Key financial metrics take into account the projected positive and negative cash flows (calculated above) resulting from a business decision and summarize them in a specific, usable way. The most commonly used key financial metrics are:
Net Present Value: The total of all expected positive and negative cash flows expressed as a single, net value in today’s dollars (or other currency).
ROI: Net benefits, or total benefits minus total costs, all divided by total costs.
Payback Period: The length of time required for the cumulative value of benefits earned to permanently exceed the cumulative value of costs.
Kim presents the three scenarios to her management. She is pleased to see that even under the most conservative projections, GoToAssist appears to represent a profitable opportunity for Global Software.
Finally, Kim presents a graphical depiction of the net cash flow across all three scenarios and other charts to support her business case. Often graphs are clearer than tables of numbers to depict the projected value of an investment.
The potential acquisition of GoToAssist appears to be a sound investment for Global Software. Kim has performed due diligence with care and transparency, and the potential for GoToAssist to create value for the company is clear.
About the Data
This analysis was designed to compare the estimated solution costs to anticipated future benefits using a representative company, but it does not guarantee specific results. Your actual costs and benefits may vary. GoToAssist and Technology Finance Partners make no representations that these results will be achieved.
The estimated financial impact from this analysis is the output of collaborative sessions informed by the collective experience andinsight of GoToAssist and Technology Finance Partners. All data is to be interpreted as that of a single, fictional software company deploying GoToAssist.
Your data may differ substantially from the data presented herein. Please contact GoToAssist to produce a customized analysis based on your own business metrics to estimate the potential financial impact of the GoToAssist in your environment.