How much can Wrike save you in time, money, and productivity? To understand this fully, you’ll need to consider how much inefficiencies, process breakdowns, and poor collaboration can cost your business.
In 2017, one study found that businesses lost an average of $11,000 per employee each year because of ineffective collaboration and communication. Yes, that means siloed email threads, outdated spreadsheets, lack of task accountability, and poor resource management can cost companies like yours thousands each year.
Smart work management is critical as we enter the future of work. Research shows that many of us are looking for ways to maximize our workdays and eliminate the broken processes that make us less productive. In fact, 92% of workers say that having the tools they need to do their work effectively has a positive impact on their job satisfaction.
An effective work management solution like Wrike doesn’t just make teams more efficient. It can speed up time to market, save critical project hours and budgets, streamline processes, and impact your company’s bottom line. The real ROI of work management solutions like Wrike is all about what they help you reclaim in hours, productivity, and even costs.
How Wrike removes productivity roadblocks
What are your team’s productivity killers? Does an unwieldy request intake process add hours to your workweek? Does the constant switching between apps make completing certain tasks time-consuming and inefficient?
Optimizing request intake
Making Wrike a centralized hub for information and collaboration has helped companies like House of Design save 1,100 hours annually. House of Design gave up “messy, overwhelming, and inconsistent” spreadsheets for work intake and started using Wrike requests.
“Before Wrike, when up against the clock and determining which of his tasks to tackle, we’d speak to each engineer individually to understand which parts requests were critical. Spending hours of time and getting a dozen different opinions wasn’t up to our standards of efficiency,” Ryan Okelberry, COO of House of Design, explained.
By leveraging Wrike requests, House of Design makes “strategic decisions” and reclaims 20+ hours each workweek. Here’s how:
- Get the complete story on tasks and requests by gathering information through a custom request form.
- Ask dynamic questions of your requester so your team has exactly the info they need to start (and complete) the request.
- Requests are then auto-assigned to the appropriate person or team, eliminating confusion over intake details and responsibility.
- Details such as due dates, subtasks, folder organization, and other custom information and automation can also be set up to streamline work.
Streamlining feedback and cutting approval times
There’s no getting around it. If you’re not using a work management solution like Wrike to streamline feedback and review cycles, you’re losing time in your approvals process. Whether that’s a messaging doc that needs approval, a design that requires feedback, or a webpage that needs to be proofed before it goes live.
Take OSF Healthcare, for example, who used Wrike to get out of “messy” email inboxes and speed up asset approval by 50%. Similarly, Moneytree cut their average approval cycle from seven days to four using Wrike. Create an approval process that works for your team by using Wrike’s proofing features to reduce complexity and drive efficiency.
- Centralize and contextualize feedback in one location
- Mark up documents directly, so feedback is clearer
- Set approvers and make it simple to sign off quickly
- Collaborate with external stakeholders and incorporate their feedback
No two teams are exactly alike. Wrike’s versatile proofing and approval features make it easy to create a review process that works for your team size and workflow.
Cost savings, automation, and reclaiming billable hours
As the team at Tipton Communications explains in their customer case study, “before we adopted Wrike, we were losing somewhere between 5% and 10% of billable hours to unnecessary project administration: chasing project statuses, getting people to fill out forms, looking for documents, etc."
They’re certainly not alone. Over a third of managers say they spend three to four hours a day on administrative tasks. That includes processes that could be automated or otherwise made more efficient.
Automation has been heralded as a critical component of work management, but what does that mean in practical terms?
For telecoms company Arvig, automation of some HR processes unlocked significant time savings to the tune of an estimated 900 hours a year. In addition to that, Arvig also estimates an average cost reduction of 20% per project just by optimizing their resource allocation with Wrike.
From automation to resource management, Wrike customers can optimize the way they work, reduce costs, and take back more of their time.
Curious about how much Wrike could save your team? Check out our savings calculator to see where your productive hours are being lost and how Wrike can help you get them back.
The ROI of Wrike: 360° work management that saves more across the board
When businesses choose Wrike, they can address the inefficiencies that cost them time, money, and productivity.
In their individual case studies, our customers told us how they reclaimed significant costs and hundreds of hours of productive time through features like our request forms, proofing and approvals features, automation, and resource allocation.
Choosing a versatile work management platform like Wrike empowers teams to deliver value across any area of their business — from operations and creative to HR, sales, and marketing.
Want to learn firsthand how Wrike can save you more by reducing complexity and removing productivity roadblocks? Try our free two-week trial and join the 20,000+ companies who trust Wrike to do the best work of their lives.