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Media release

Axora Verified Solution for Short Term Payback

FYLD - field worker productivity and safety platform

Axora’s ‘Verified for Short Term Payback’ initiative brings total confidence to customers that our experts have reviewed the solution with a view to testing the ROI profile. Specifically we review for short term payback, defined by us as a solution that has demonstrated the ability to deliver hard cost savings that more than offset the cost of purchase and deployment, within a period of 12 months or less. We insist on reviewing at least one real case study and assess the data with our expert team, if necessary speaking directly to the case study customer.

FYLD’s innovative SaaS platform revolutionises the operations of field workers, originally conceived for the utilities industry but being adopted in energy and mining markets via Axora. The system is a role based platform – end users submitting data at a field site including videos and photos, through to supervisor and executive interfaces which analyse the data coming in from the field workers. The system also provides in-app communication for 2 way collaboration.

FYLD is adopted by customers for both safety and productivity improvements although there are a number of use cases across a wide range of industries. In a client case study they showcased how the solution has been rolled out to 750 users in the first wave, expanded now to 2500 workers, who complete more than 35,000 jobs per year, following the success in the first wave. Previously the operation was paper based completely.

In terms of ROI, the FYLD team demonstrated a number of dimensions for both hard and soft cost savings. Incidents and injuries for example have substantial cost and they were able to apply both industry standard data and customer specific to value this. Additionally there were hard costs in doing risk assessments and the FYLD platform modernises this task substantially, reducing the effort and costs by 75%. Other cost saving dimensions included regulatory fines being eliminated, remote working for supervisors reducing travel costs, and intelligent discovery of what they call ‘job blockers’. We were able to review an ROI of 9.2x in this particular customer, with the solution deployed in less than one year.

Axora is confident that even across a range of companies, markets and use cases, fast payback within 12 months at high ROIs are very achievable.

You can see this solution in our marketplace here.