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Insurance Networking News: Executive Strategies for Technology Management, July, 2005
ACORD STANDARDS ROI TOOLS
To help members better analyze and report their returns on standards investments, ACORD released a set of Return on Investment (ROI) analysis tools. Through the tools, members can examine and report, in numbers and graphs, the overall benefits and savings from ACORD data standards implementations. Available in two versions, the Full Version enables users to take an in-depth look at their organization, expenses, standards implementations, and cost-benefit analyses for up to five years. It requires the user to have detailed company information and forecasting data. The Lite Version is a subset of the full tool and examines ROI on implementing an interface between organizations and their trading partners, or between internal systems, when...
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