At Beeshake, we firmly believe that innovation must allow us to anticipate results in order to optimize the organization's performance. This is why we have developed the " Projected ROI for innovation projects"It allows us to measure the impact of each innovation project in terms of savings in time, money and CO2.
We co-built this feature with our users to meet the real needs of teams.
How does ROI forecasting work for innovation projects?
Each collaborator or project team, when submitting an idea, a best practice or a project, can provide an estimate of the forecast ROI:
- Financial benefit: The financial savings that the project can generate. For example, a reduction in operational costs.
- Save time: Estimate the hours saved by teams. For example, an internal process automation project that would reduce the time spent on repetitive tasks.
- Reduction of CO2 emissions : Assessment of the environmental impact of projects. For example, a project aimed at optimizing waste management or reducing energy consumption in offices.
This allows each employee to reflect on and anticipate the impact of the project they submit. The feature also allows these three types of gains to be entered simultaneously for the same project. This provides a 360° view of their return on investment.
What are the benefits?
Forecasting ROI for innovation projects offers several key benefits for your organization:
- Prioritization of high-impact projects
By calculating savings in terms of time, money, and CO2, it's possible to identify which projects are the most profitable or strategic for the company. Forecasting ROI allows you to focus on projects that offer the greatest return on investment.
[Read also: CSR Action Prioritization Matrix: From the Climate Mural to taking action]
- Selection of projects aligned with your business objectives
By providing a clear and measurable view of potential savings, this feature helps you select projects that are not only innovative but also aligned with your strategic priorities. This can be essential for companies looking to maximize efficiency while meeting environmental or financial objectives.
- Optimization of resources and investments
Projected ROI allows you to better allocate resources (financial, human, material) based on the savings a project is likely to generate. This allows you to invest in projects that produce a significant impact, while reducing the risk of investing in less effective initiatives.
- Tracking forecasted ROI versus actual ROI
Adding a recurring feature allows you to track savings over the long term. Whether annually, monthly, or weekly, you can track the impact of your projects and adjust priorities based on the results achieved. This allows you to maintain a clear view of project effectiveness as they are implemented.
[ROADMAP 2025] A consolidated and detailed dashboard to measure the real ROI of your entire pipeline of ideas and projects
- Ease of use and accessibility of data
Each employee can provide their own ROI estimates, and this information can be either moderated in advance by the administrator or immediately accessible to all teams. This allows for transparent and collaborative project management. Each member can thus contribute to projecting savings and selecting the most relevant projects.
What do you think of this feature? Feel free to leave us your feedback in the comments 👇
Want to learn more about projected ROI for innovation projects? Schedule a meeting with a Beeshake expert to discuss it in person.