The Digital Vehicle Inspection (DVI) Return on Investment (ROI) Calculator uses your shop’s own data to show exactly how digital vehicle inspections increase both revenue and efficiency. With this tool, you can clearly see your estimated return on investment from utilizing Digital Vehicle Inspections.
Where Can I See It?
To access the DVI ROI Calculator you will need to be on the Pro Pack main menu window. This window appears when you click the Pro Pack icon on your desktop or choose the menu option at the top left of any window.
From that main menu you will select the "Expand View" button below the software options.
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This will open the ROI Calculator in your browser. At the top of the page you will have an option to "Export PDF" in order to download/save your data/projections.
What Information Will Be On It?
You will then have the following sections and data available:
-
90-Day Snapshot - Total Repair Orders, Average RO Total, % with Inspections, % with 20+ Photos, and % Viewed by Customers.
- Impact of Quality Inspections on ARO - Repair Order totals for Repair Orders without an inspection, with an inspection that had less than 20 Photos, and with an inspection that had 20 photos or more.
- Based on data from shops using our DVI, we consistently see that repair orders with inspections including fewer than 20 photos generate approximately 10% more revenue, while inspections with 20 or more photos generate approximately 30% more revenue, compared to repair orders without inspections. This data demonstrates the measurable impact of thorough inspections on your bottom line.
- Trend Summary - Inspections with 20 photos or more and the Average RO total over the last 30 days compared to the previous 30 days.
- Revenue Opportunity - A look at potential missed revenue opportunity from the last 90 days based on the Repair Orders without inspections or with inspections that had less than 20 photos compared to the totals of those with an inspection that had 20 photos or more.
- Revenue opportunity is determined by taking the number of repair orders in each category and multiplying it by the difference in average RO total compared to repair orders with inspections that include 20 or more photos.
- Custom Calculator - Use your shop’s own data, projections, or goals to estimate your Monthly and Annual Return on Investment. Generate calculations for a range of possible outcomes with these variables so you can anticipate and plan more confidently for the future.
- Inputs: Labor Rate, Software Monthly Cost, Days Open Per Week, Average Repair Order, Average Daily Car Count, Minutes Saved per Day.
- Outputs: Rate Per Minute, Monthly Business Days, # of Cars Per Month, Software Cost/Day, Total Monthly Dollars (current), Total Annual Dollars (current), Mins/Day Need to Save, Total Monthly Dollars (future), Additional Monthly Dollars, Total Annual Dollars (future), Additional Annual Dollars.
Can I Hide This On Certain Computers?
The ROI Calculator can be hidden on a computer if it is one that is primarily used by users that do not need to review analytics. You will need to do this on each computer where you want the ROI Calculator hidden, as the setting only applies to the individual work station where it is done.
- Open Report Pro on the computer that you want to hide the ROI Calculator on
- Select Settings from the top menu options
- Click on General Settings
- From the left side menu select Admin
- Enter your Admin password
- Check the box next to Hide ROI Calculator in Menu
- Select Save & Close from the left side menu