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Maintenance software ROI calculation
Calculating the financial benefits of using maintenance software (CMMS software) can be quite a complex undertaking. Maintenance managers will frequently need to provide this sort of justification and a calculation of expected Return On Investment (ROI) prior to purchasing a maintenance management program.
Benefits can come from several sources – such as reductions in equipment breakdowns, reductions in overtime costs, longer asset/ machine life, better inventory management, standards compliance and so on.
To help itemize the list of items to consider and do the financial calculations, we have put together an example case study called CMMS software justification, benefits & return on investment (ROI). While it uses our FastMaint CMMS maintenance management software as an example, much of it is valid for any other competitive CMMS software.
Maintenance software that you can use
You can download a fully functional 30-day trial of our FastMaint CMMS software and see the benefits that it offers you.
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