Return on Investment (ROI) Example

The following is an example of the savings that can be realized through document automation. More complex or simple documents would scale accordingly.

Assumptions
Cost per hour of Lawyer doing Document Prep $70
Cost of REAL Automating Document $95
Time Spent Preparing Document (pre-automation) in Hours 4
Time Spent Preparing Document (post automation) in Hours 1.33
How Many Times in a Year You Prepare the Document 52
Time to Automate a Document in Hours 48

Totals
Hours Spent in Document Preparation without Automation 208
Hours Spent in Document Preparation with Automation 69
Total Cost of Document Preparation without Automation $14,560
Total Cost of Document Preparation with Automation $4,850

Cost Comparison
Cost of Document Automation Software $1,200
REAL's Cost to Automate a Document $4,560
Total Cost of Document Automation $5,760

Cost Savings from Automation for Documents Produced in One Year $3,950
Total Days Saved in Document Preparation 17