Identifying the ROI on Collision Repair Software
If you own a small business, every decision matters. One poor choice can be the difference between a business succeeding or failing. Weighing the pros and cons of every decision to make the best possible choice for the business is especially important for auto body facilities. As the saying goes: If it doesn’t make dollars, then it doesn’t make cents! Collision repair software is an excellent investment, as it provides a huge return on investment (ROI).
What is the Return on Investment (ROI)?
ROI is a great way to measure the effectiveness of an investment, to ensure that the capital is being is being spent wisely to get the investment off the ground. ROI is typically expressed as a ratio or percentage, allowing you to easily see the percent of your initial investment that you can expect to make back.
To calculate ROI, you subtract the cost of the investment from the current value of the investment and then divide that by the cost of investment. For example, let’s say you invest $1,000 in a tool to increase efficiency in the workplace, and it is currently giving you $1,500 in value. With these figures, the Return on Investment (ROI) would be [(1,500 – 1,000) / 1,000], which equals a 50% ROI.
What is Collision Repair Software?
Auto collision repair technicians need access to collision repair shop software to quickly and easily find the OEM collision repair information they need to complete any job. The software should combine step-by-step procedures and testing guides, detailed specifications and easy access to R&R and R&I information, to guide technicians to an efficient and accurate repair. Auto collision repair software has become a necessity in the modern car landscape to keep up with the increasingly complicated automotive technologies. So what is the ROI on collision repair software? Is it worth the investment?
The ROI on Collision Repair Software
It’s difficult to provide a generic answer on the ROI of collision repair software, as each auto collision shop has unique margins and costs. However, it is easy to identify the value auto collision repair software can add to your facility.
Save Time on Repairs
The old adage “time is money” rings very true for auto collision repair technicians. Too much time spent on one vehicle slows down overall cycle time and productivity, resulting in reduced profitability. Therefore, it is essential for auto technicians to be as effective and efficient as possible. Collision repair software not only puts critical repair data at the technician’s fingertips, but can also help answer questions and provide guided steps for difficult repairs, potentially saving technicians hours that would be spent searching for the information elsewhere. Having all of the information you need in one easy-to-navigate location saves time. In turn, it means saving money and increasing the ROI.
Mobile-Friendly Interface Gives Your Business Flexibility
A top-of-the-line collision repair software such as SUN® Collision Repair Information has a mobile-friendly interface. It allows techs to access all of the information needed from a handheld device instead of being tethered to a computer or database in the shop. Technicians can freely move about and access the pertinent information they need from their tablets. That makes your business more flexible, which can allow you to bring in more revenue.
No Need to Outsource Mechanical Work
In some cases, an auto collision repair shop may not be capable of making repairs and will need to outsource mechanical work. For those with access to collision repair shop software, having to outsource can be a thing of the past. The software provides all of the information and tutorials needed to successfully complete the job, even if the technician is not familiar with the procedures.
Quickly Identify All Needed Parts and Materials
Collision repair software allows you to quickly diagnose the issue identify the parts and materials you need to complete any job. An accurate diagnosis gets the repair off to a great start and streamlines the repair process, getting the vehicle back to the owner as soon as possible.
Gain New Customers
Once word begins to spread on how efficient and effective your facility is with a wide variety of repairs, new customers will be sure to come. Word of mouth is the best way to acquire new auto body shop customers. Relying on collision repair software for your work will quickly reap any auto shop rewards in the form of five-star reviews, glowing testimonials, and new potential customers.
SUN Collision Repair Software Can Save You Money!
If you are looking for collision repair software that maximizes your return on investment (ROI), look no further than SUN Collision. SUN Collision gives collision repair specialists access to complete OEM information for both collision and mechanical repairs.
To learn more about how to increase profits at your auto repair shop, contact SUN® today to try out a free demo or to purchase the software. Or give us a call at 877-840-1973.
Kiran Wagh serves as Inside Sales Manager for SUN Collision and other Snap-on, Inc. brands, including Mitchell 1. He began his career at Snap-on in 2015 as an inside sales developer for Mitchell 1 and promoted to sales manager in 2019 for SUN Collision. Previously, he worked as a Demand Generation Specialist at Harte Hanks, where he led B2B lead generation campaigns with prominent networking and IT infrastructure companies. Kiran earned his degree in Aircraft Maintenance Engineering Level 1 in 2007 from the Hindustan Aerospace and Engineering college in Maharashtra, India, and later went on to study Information Technology at the Cisco Networking Academy.