Savings and Benefits Derived from Esko WebCenter
Speed to market while ensuring compliance is essential for CPG and life sciences organizations aiming to stay competitive.
Without a standardized and transparent workflow supporting artwork management, quality control may suffer, leading to costly delays and inefficiencies.
To address these challenges, organizations need a comprehensive packaging and artwork management solution that provides a single source of control throughout the lifecycle of artwork creation.
Enter Esko WebCenter, a packaging artwork management solution helping companies create and manage their packing workflow effectively.
Esko commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study to evaluate the potential return on investment (ROI) that enterprises may realize by deploying WebCenter.
Keep reading for an in-depth look at how WebCenter enhances packaging processes, improves workflow efficiency, and saves costs.
The Challenge: Fragmented Processes and Delays
Before using Esko WebCenter, organizations struggled with fragmented, manual packaging development processes.
Limited visibility and governance led to frequent delays as stakeholders worked in silos using disparate solutions.
This lack of centralization not only impacted quality, but also created bottlenecks, making it difficult to maintain control over the process.
The Solution: Esko WebCenter
Esko WebCenter provides organizations with a centralized platform that enhances visibility, governance, and control.
It offers a single repository for packaging assets, ensuring stakeholders have access to accurate and up-to-date information throughout the entire process.
This streamlined approach allows for a more efficient and consistent packaging development process.
But is WebCenter worth the investment?
We’re glad you asked!
Key Findings of the TEI Study
Forrester Consulting interviewed representatives from organizations using WebCenter, and the results were aggregated into a composite organization—a $10 billion global CPG company with 60,000 employees and 2,000 annual packaging development projects.
Overall, the composite organization realized significant benefits, including increased efficiency and speed to market.
Here’s a summary of the results:
Productivity Gains
Core team members (graphic designers and project managers) experienced a 30% productivity increase, valued at $2.5 million over three years.
Supporting roles, such as regulatory specialists, marketers, and lawyers, saw a 40% gain, worth $506,000 over the same time period.
Revenue Gains
Enhanced speed to market resulted in $1.8 million in additional revenue over three years.
Cost Savings
Vendor consolidation led to savings of nearly $289,000 by eliminating redundant software and services.
Quantified Benefits
The study contains significant findings. For instance, the quantifiable benefits are:
The return on investment (ROI) was 240%.
The present value (PV) of benefits was $5.15 million.
The net present value (NPV) of future net cash flows was $3.64 million.
The payback period was less than six months.
Unquantified Benefits
Forrester also identified benefits received by the composite organization but were not quantified in the study. They included:
Improved Governance and Execution
WebCenter’s transparency and centralized management reduced errors and ensured consistency, minimizing the risk of recalls and quality issues.
Enhanced Scalability
Organizations managed higher volumes and adapted quickly, as demonstrated by one company’s ability to update 300 SKUs in just four weeks.
Advanced Analytics and Reporting
WebCenter’s dashboard provided insights into workflows, enabling better resource allocation and identification of bottlenecks.
The Impact: Streamlined Processes and Cost Savings
By implementing Esko WebCenter, organizations achieved unparalleled control over their packaging and artwork management processes.
Reduced Revisions
Organizations saw a 50% reduction in the number of revisions needed, improving the RFT (Right First Time) metric.
Automated Prioritization
Automated capabilities allowed stakeholders to focus on critical tasks, reducing the need for lengthy prioritization meetings.
Parallel Approval Processes
Transitioning from sequential to parallel approvals cut significant time from the artwork management process, with some organizations removing up to two weeks from their timelines.
We believe the study demonstrates that Esko WebCenter is more than just a workflow tool—it’s the go-to solution for the packaging industry.
For more information, download the study today!
Curious about the ROI of streamlining your packaging workflows?
Enter your own data into our Dynamic TEI Calculator to see how much you could save with Esko WebCenter. It’s quick, easy, and could mean big savings.
