ROI calculations for an integrated visitor management system.
Put a stop to the guesswork, and know the value of your VMS investments. Use this guide as your visitor management ROI calculator to know exactly your investment and return when shifting from a point solution to a modern, integrated platform.
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Evolution of visitor management
In the past, most companies spent less than 1% of their total budgets on security. This is changing. The industry-wide embrace of more comprehensive solutions, like an integrated visitor management system (VMS), suggests that overall spending will double or even triple, as benefits of these technologies become more apparent. Which means: You need to know exactly what you’re getting out of your investments.
Visitor management is evolving from simple point solutions to complete, integrated systems. Traditional VMS were limited in their scope: Simple log-in journals to manage guest access and registration. Now, integrated VMS can support a range of security goals like access control, emergency response, meeting scheduling, and automated visitor notifications.
With this new landscape, it’s important to know which components comprise your ROI calculation. It essentially comes down to two components, the investment and the return, both of which can vary widely depending on your organization’s size, industry, and “must-have” list.
This guide provides step-by-step instructions for calculating your visitor management system ROI and examples of early cost savings like operational efficiencies, the cost of non-compliance, and more.
The investment
The price tag of an integrated VMS is the tip of the iceberg. Your investment also includes your organization’s “must-haves,” implementation cost, hardware costs, and more.
The return
Your return depends on your organization’s size, industry, and “must-haves.” But after switching to an integrated VMS, you should see immediate and substantial savings.
The benefits
Administrative and strategic benefits are many, including operational efficiencies, reduction of major risk incidents, standardization, and enterprise automation.
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