Switching to Foxit PDF Editor Provides $5 million in Net Present Value and an ROI of 284% Over Three Years, According to Independent Study
Study Finds Major Benefits in Replacing Legacy PDF Software with Foxit Based on Reduced Software and IT Management Costs, and Improved Security and Employee Productivity
Foxit, a leading provider of innovative PDF and eSignature products and services, helping knowledge workers to increase their productivity and do more with documents, announced findings of a commissioned Total Economic Impact™ study conducted by Forrester Consulting. The study finds that a composite organization with 7,000 employees can realize a $5 million net present value in cost savings and business benefits over three years, for an ROI of 284%, by switching from its legacy PDF software to Foxit PDF Editor.
The study is based on interviews with Foxit customers which were used to create a composite organization of 7,000 employees that migrated from its legacy PDF software to Foxit PDF editor.
Among the quantifiable benefits of switching to Foxit PDF Editor:
- An 84% reduction in software licensing fees
- An 84% reduction in IT support and management costs
- Enhanced security, including an 84% cost savings, due to faster delivery of security patches and elimination of the need for the company to run its own patch process
- A major economic benefit in improved productivity due to a wider deployment of PDF editing software, resulting in a 7% increase in productivity per new user
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Foxit will host a webinar based on the findings from the Forrester study on Thursday, Nov. 17, from 10 a.m. to 11 a.m. During the presentation, guest speaker Nick Mayberry, Consultant at Forrester, will share the research findings. In addition, Tara Runyan, IT Director at Kazan Law will share the firm’s experience with modernizing its IT infrastructure by adopting the iManage document and email management application and replacing Adobe Acrobat with Foxit PDF Editor, including cost-savings and time savings leading to greater productivity gains.
“Major cost savings across software licensing, IT support and security provide an opportunity for companies switching to Foxit PDF Editor to deploy Foxit’s solution to a much larger number of employees, resulting in quantifiable dollar-value improvements in productivity,” said Nick Mayberry, Consultant at Forrester. “Some organizations may decide to reinvest their savings in other initiatives which will result in their own business benefits.”
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“Companies considering replacing their current legacy PDF software with Foxit frequently ask what they can expect as a return on their effort,” said Frank Kettenstock, Chief Marketing Officer at Foxit. “We commissioned this study to demonstrate the compelling value our customers derive from making the switch. As Forrester has found, companies realize huge benefits beyond a dramatic reduction in licensing fees, including major savings in IT support, quantifiable improvements in security, and valuable gains in employee productivity and experience.”
