PAYBACK PERIOD

Payback Period

Most manufacturing companies (and their Finance Directors) would be happy if they can think of an investment where the payback period is one year.

But our investment in MYRIAD had a payback period of

➡ one day!

It cost us ₹ 8,000 and saved us ₹ 8,000 in one day (@ 4,000 adverts × ₹ 2 per advert which we were paying to Sajda).

For 30,000 job-adverts we paid ₹ 60,000 to Sajda.

We could have saved this money if we had researched & found MYRIAD early enough.

Now that we want to step up job-advert downloading to 10,000 per day — what kind of “investment” would we need to make?

• **Capital Cost → ₹ 30,000 **
• for one more PC (in addition to existing PC being used for downloading)

·         Recurring Revenue Expenditure (for ever too !)

·         Salaries of 2 operators ( maybe ₹ 9,000 per month ?)

Instead of spending this amount this way, would it not be far better to ask the MYRIAD supplier to modify Myriad (i.e. customize) and turn it into a Web-Spider which visits job sites after job sites and automatically downloads job adverts 24 hours a day?

We can give the vendor a list of 50 big job sites (Indian + American) from which to download.

Vendor would probably do this customization within 2 weeks and (at the most) charge us ₹ 15,000 !

Which (at 1,000 job adverts / 8 hours) we would recover in 6 hours !!

A payback period of 6 hours!

That is what Business Process Automation is all about — Human Use of Human Beings!

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