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Media release

Axora Verified Solution for Short Term Payback

GOARC – Safety and Operational efficiency 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.

GOARC offers a broad integrated software platform that centralises and streamlines safety and operational workflows. This allow real-time insights and smarter decision making both in normal business activities but also in emergency situations. GOARC provided a number of case studies with highly quantified business benefits that demonstrated strong ROI and short term payback.

In one case study, centred around Permit to Work (PTW) in normal operations in a large US energy company, GOARC were able to demonstrate 2.88x ROI within the first 12 months and a payback within 6 months by streamlining a previously manual and inefficient PTW issuance and management process. A single plant issued over 1000 permits p.a. on average and the system allowed both hard and soft cost savings across multiple dimensions.

In the same company, by applying PTW to turn around operations, they were able to demonstrate a huge improvement in lost production (hard saving) and some additional labour (hard and soft) totalling nearly $10m of value and nearly $6m of improved production output, generating a x22 ROI and payback in weeks.

Axora is confident that GOARC can demonstrate strong payback profiles in a range of industries and scenarios.

You can see this solution in our marketplace here.