Discover Your ROI with Albi!
A practical framework to evaluate the direct ROI that Albi can offer to your organization.
At Albi, we engage with countless restorers, witnessing their enthusiasm for our mission to drive the restoration industry forward. However, we understand that quantifying the return on investment for partnering with Albi can be a challenge. We acknowledge the frustration of believing in our vision while questioning the financial analysis of its worthiness. We aim to demystify this process and provide you with a practical framework to evaluate the true value of investing in Albi.
In this blog (and in this video), we will calculate the direct ROI that Albi can offer to an organization like yours. Gain the insights you need to make an informed decision for your business, as we understand that each business is unique and requires a personalized approach.
Demystifying the Evaluation Process
Let’s dive into a hypothetical scenario of a restoration business generating $3 million annually, solely focused on mitigation work, and employing approximately 20 individuals. While your business might differ in size, this framework can still be highly valuable. We will utilize the R.E.A.L. framework, a tried-and-tested approach that considers revenue generation, efficiency enhancement, avoidance of potential risks, and the investment of time and effort required.
What is the R.E.A.L Framework?
When it comes to boosting revenue, Albi offers an array of exceptional tools to assist restorers in securing more jobs. Our superior CRM sets us apart from others in the industry, with automated text message and email workflows that delight insurance agents and plumbers throughout the process. This satisfaction, in turn, drives them to refer more work to your organization than others.
Moreover, our platform empowers project managers to stay on top of leads, significantly increasing closing rates for restorers. With streamlined accessibility from mobile and web apps, Albi enables restoration contractors to generate an additional two jobs every month, surpassing any other available platform. Considering an average job size of $8000, this amounts to $16,000 per month, adding up to a value of $192,000 per year when utilizing Albi on the revenue side. Trust Albi to maximize your organization’s potential and drive success in the restoration industry.
In order to streamline efficiency, Albi envisioned consolidating all operations into a single platform. Previously, we relied on multiple apps, resorting to manual notes and paperwork, which hindered productivity. Determined to overcome these challenges, we built an all-in-one platform, eliminating the need for tedious app switching. The results were remarkable.
Based on our analysis, a restoration company with a $3 million annual revenue and 20 employees stands to save an average of two hours per employee every month. When you multiply this by the number of employees and the $50 burdened rate, the cost savings amount to $2,000 per month, totaling $24,000 annually.
This solution not only enhances efficiency but also provides substantial financial benefits. Our platform allows you to optimize your productivity, streamline operations, and reap significant cost savings.
To ensure sustained speed and performance, it is crucial for restorers in the industry to address the aspect of avoidance. Many restorers give away a significant portion of their bill to insurance companies, typically around 10 to 15%, due to inadequate documentation and the inability to justify their charges. While it’s important to consider various factors, our platform, Albi, has consistently shown that users can reclaim at least 2% of their bill through effective arguments against insurance companies. Our streamlined documentation process, which includes equipment tracking powered by partners like Khi, a foolproof dry book tool, an easy-to-use photo tool, and our integrations with 3D imaging solutions, offers the best all-in-one solution for documenting billable items.
By leveraging our platform, restorers have the opportunity to recover a significant portion of their revenue from disputes with insurance adjusters, customers, and other parties involved. For example, considering the average annual revenue of $3 million, winning back just 2% equals a $60,000 benefit. When you add this to the $192,000 of additional revenue you can generate and the $24,000 of time saved, the total value of using Abi becomes $276,000 annually. You might wonder if there’s a catch, but our platform empowers you to confidently and efficiently manage your billing and documentation needs.
To accurately assess the expenses associated with implementing Albi, let’s exclude the lift and focus on the actual costs involved. Let’s consider a worst-case scenario to establish credibility for a $3 million organization with 20 employees. In this case, the monthly cost for Albi would amount to approximately $2000, totaling $24,000 annually. Additionally, there would be a one-time onboarding fee of $1500 to facilitate data integration.
Furthermore, it’s important to account for the time investment required for training. With an estimated 10 hours of training per employee for all 20 employees and considering a $50 per hour burden rate, the training cost would be around $10,000. Considering all these factors, the total cost for the first year would amount to $35,500.
However, it’s crucial to highlight the substantial value that comes with this investment. For a restoration operation of $3 million with 20 employees, this $35,500 investment can yield a remarkable return. In fact, the return on investment with Albi is estimated at nearly nine times, translating to a value of $276,000.
Note: These numbers have been intentionally conservative. The price of Albi has been inflated, and, likely, most viewers won’t require 20 pro users at $100 each. Therefore, the actual cost may turn out to be even more affordable. Additionally, most users can easily surpass the projected 2% improvement.
Unmatched Return on Investment
In conclusion, the return on investment with Albi surpasses any other competitor or software solution in the market. You can expect to generate at least nine additional dollars for every dollar you invest in Albi. We hope this has been informative and provided a clear understanding of the potential return on investment. Schedule a demo and see the difference!