Which half of my marketing budget am I wasting?
This phrase is classically related to the dilemma of advertising, but it applies just as aptly to your staff time spent on your internal processes.

These key internal processes, loan underwriting, vendor management, deposit gathering, audit issue tracking and correction, all consume your most scare resource: people’s time. You only have 8 hours a - at most! - and it’s critical that every minute be applied to something that matters.

For those of us familiar with the Calf-Path poem by Sam Walter Foss, we know that processes most often grow haphazardly and then simply survive as the “way we’ve always done it.” Many of these processes are ripe for easy process improvement, saving valuable time that can be applied to other projects.

How to use our process improvement ROI calculators
This calculators on this page provide a quick estimation of the money you can save with a simple process improvement project.

For example, let's look at the ROI of a loan underwriting process improvement project. If you are a commercial bank, the majority of your profits are associated with your loan pipeline. The calculator enables you to see the direct financial impact (and payback period) of shortening your loan underwriting and approval process.

Using the calculator takes just three steps:

1. Enter your projected loan volume for the next twelve months,
2. Enter your current or projected net interest margin,
3. Enter the number of days you can shorten your loan cycle with improved process control and oversight,

Your NIM is driven by a number of variables so the ROI isn’t an exact number, but it gives a good approximation of an annual ROI.