The Total Economic Impact Of the Boomi AtomSphere Platform – A Closer Look
Recently, a study conducted by Forrester uncovered the economic impacts that the Boomi AtomSphere platform had on an organization. One of our consultants takes a closer look at the study and provides some highlights.
Boomi AtomSphere has come a long way over the past few years. In a world where organizations need to increase the value from their data, Boomi is continuously investing in AtomSphere to allow the extraction of this data.
A recent study (full study found here) by Forrester evaluated the Total Economic Impact Boomi AtomSphere has had on an organization they worked closely with for this case study. Over a 3-year risk-adjusted period, the organization saw a 410% ROI, growth of its Net Present Value to $10 M, and a payback on their investment within 6 months.
Image courtesy of Forrester and Boomi
Before understanding how Boomi AtomSphere can impact your organization, it’s important to answer the following questions as it relates to your own organization.
Answering these questions can help you determine if Boomi AtomSphere is the right fit for your organization.
Factors to Consider
The analysis also takes into account flexibility, impact risk, and implementation risk factors which can lead to varying results for an organization taking similar steps.
Flexibility – Realize additional benefits for future initiatives
Impact Risk – Factors that may lead to lower realized benefits
Implementation Risk – Factors that may result in higher investment costs in the Boomi platform
Image courtesy of Forrester and Boomi
As part of the due diligence phase, it’s important to understand the following characteristics of an organization.
Based on the interviews conducted, several challenges plagued the organization in the study before Boomi AtomSphere was implemented. They included:
Realized Benefits
If you find your organization struggling with most of these issues, Boomi AtomSphere might be a solution worth looking into. The same organization realized the following quantified benefits once Boomi AtomSphere was implemented.
Image courtesy of Forrester and Boomi
With a closer look, benefits were broken down into 3 categories: Cost Avoidance, Increased Productivity, and Revenue Generation.
Image courtesy of Forrester and Boomi
In addition to a $12.5 million benefit financially, the following unquantifiable benefits were also found:
Understanding Costs
While Boomi AtomSphere can be quite appealing, it’s also important to consider the costs of running on the platform itself.
Costs are also typically broken into 3 categories:
- Implementation and configuration services
- Initial platform implementation, internal training, and ongoing maintenance
- Subscription/licenses fees and support fees
As an example, the organization Forrester studied had the following breakdown of costs:
Image courtesy of Forrester and Boomi
Platform features that make the difference
The Boomi mission is to connect everyone to everything to enable an integrated experience. The company is continuing to invest in initiatives that truly exemplify a company striving to fulfill its promise.
What is an integrated experience?
Image courtesy of Boomi
You may be wondering, what exactly is an integrated experience?
Take an internal project of ours, for instance. Recently, Smartbridge used Boomi to automate the creation of projects in our business software, NetSuite, while leveraging a multi-step approval process developed with our enterprise content management system, M-Files. The Boomi AtomSphere provides Smartbridge an integrated experience that simplifies a key invoicing process for users across many practices.
That was just one example, but Boomi AtomSphere can provide a multitude of ways to create integrated experiences. Here are some of the released and upcoming key initiatives and investments for delivering these experiences:
Productivity & User Experience
Enterprise Scale & Security
Automation & Intelligence
Overall, Boomi AtomSphere is a great platform for those looking to integrate their systems, automate processes, or just operate more efficiently. However, it’s important to understand the costs and considerations you must make for your individual organization to know if this is the right fit for you.
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