Question 4 Making the Business Case

Evaluating business cases will be a valuable tool in your tool kit. You need to develop a sharp eye for technology solutions and business value. Companies will be looking to emerging technologies to address issues moving forward. If you can add value to the companys bottom line you are more likely to be viewed as a valuable asset.

Given the business case examples presented in class, make a comparison across these based on criteria you set up (maybe rubric). Which one would you invest in first and justify your reasons?

For the one you choose to invest in first evaluate the financial justification.

Here are 2 cases where you can make comparaison

CONTRACTOR APPLICATION BUILDERTREND BUSINESS CONTEXT CONSTRUCTION, ESPECIALLY FLOORING BUSINESS RESIDENTIAL AND COMMERCIAL PROJECTS ORDERS, LABOR AND INVENTORY MANAGEMENT ACCOUNTING MANAGEMENT BUSINESS PROBLEMS AND ISSUES Hard to track the inventory Lack of a proper installation schedule program Have to pay for an accounting software program Hard to track the installers labor status BUSINESS SOLUTION with the new software program BUSINESS SOLUTION . With the new software program called BUILDERTREND s much more casi to nen the business since it is a general software and covers as the needed function in this business . It has different sections to input data such as customer information deposit status order status and delivery date, inventory scheduling installations COMPARE THE EXPENSES IN BOTH CONDITIONS without using buildertrend Cost of having buildetrend application (expenses per year) customize for a specific flooring company Pay to an accounting company Subscription cost per year $48.000 $3600 Pay salary for 2 people to keep track of Salary for a person to manage the the deliveries and orders: inventory and installation schedul $70,000 $50,000 Pay salary to one person to do the Salary for a person to input the installation schedule and confirm with accounting information and do the installer $45,000 accounting part of the application $35.000 Average potential lost since there is no ordering and inventory management system: $25,000 BENEFITS THESES ALG TIME CHCRETIOR THE BUSINESS OWNERS A SOIT ELS TEMA PS MISTAKES DUPLICATING RESOR MESSING CIRCERIMORMATION AND STATUS AND ALSO HEUS THEM TO TRACK THE INSTALLATION STATUS AND MAKONG SURE INSTALLERS ARE GETTING PAD PROPERT Telehealth The future of doctor visits Problem Statement Regular dom visits can be time consuming and costly for behandic during this pandemic doctor offices implemented a tal option these areal which are seen time, but also allowed the practice to maintal operations and caring forces. This allowed attices to ound the reach by giving patients the chance w schedules and not worry about paling bering, Implementing teleheal abows physicians to see soda by an in een bring de practice reve. If a physician practice any might be impian Virtual patienter me Vima veder's visitor In Person Visit Breakdown Patient cost per visit: 545.00 Average time spent per physician in a Visit: 21 minutes Average patients seen per day by one physician: 20 Practice physicians working: 5 Physicians working an average 51 hours a week Virtual Visit Breakdown eded a peactice decided to add vil vise sist of software and virtual Teletalih Salware olyes and me) Virtual Visit Breakdown a practice decided to add virtual visits to its list of service it will require the needed software and virtual rooms Telehealth Software Average Cost: $24,000.00 (software privilege for 1 year and maintenance) Virtual room monthly cost perer: 535.00 (Doxy.me) Patient cost per visit: $45.00 Average time spent per physician in a visit 16 minutes Average patients seen per day by one physician: 30 Practice physicam working virtually: 5 Physicians working an average 51 hours a week Yearly projected revenue breakdown with and without software Results with the aware for A dewer Resmi widow Refere Impact With Telehealth Software If a practice decided to hire 5 new physicians to conduct virtual visits, revenue for one (1) year can increase by $561,150.00 dollars The practice will allow its patients the convenience of virtual visits and do more visits a day virtually than in person at the office. The practice would need to spend only $26,100.00 to purchase software and virtual rooms in order to the physicians to conduct the visits. It will take the practice each year about 12 (12.14) days to make back the money it has invested for the software and virtual rooms for a whole year's usage