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The Enhanced ROI module

The enhanced ROI module gives you more control over how the impact of your improvement methods is measured and tracked.

Reach out to your Customer Experience Lead to learn more about this module.

 

Multiple Currencies

If your organization is spread across multiple countries, you likely have employees using multiple currencies. If you want them to be able to report financial impacts using their own currencies, you can add those currencies to KaiNexus.

Reach out to your Customer Experience Lead to add additional currencies.

 

What information is needed to add a new currency to KaiNexus?

You'll need to supply your Customer Experience Lead with:

  • The name of the currency (e.g. U.S. Dollar).

  • The currency’s code (e.g. USD).

    This is the code that will appear whenever people are asked to choose which currency they want to use, such as when resolving an Improvement with a financial impact or when looking at a Report.

  • The currency’s symbol (e.g. $) and whether it should precede or follow numerical values (e.g. $100 or 50.00 SFr).

    This code will appear wherever there’s financial data.

  • The Locations which will use this currency as their default.

    The choice will cascade down to any Locations below the selected Location. People in those Locations will always have a choice between currencies when reporting an Improvement’s impact or when viewing a Report.

 

Where will these new currencies appear in KaiNexus?

Anywhere involving financial data! If your organization has multiple currencies, a currency picker will be added to:

  • Quantitative (financial) Impact Types. 

    People will be asked in which currency their impact should be recorded. Their Location’s default currency will be selected for them, but they’re free to change that currency if necessary.

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  • Filters.

    A “Currency” filter will be added when filtering a list of items. Only Improvements with a financial impact reported in the selected currencies will be returned.

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  • Impact Summaries - on lists of Improvements, Projects, and the full Impact Summary Report. 

    Only financial data reported in that currency will be displayed under the “Savings” and “Revenue” headings on the Summary. Additionally, only soft savings reported in that currency will be displayed when you hover over the hours displayed under the “Time Saved” heading.

    The horizontal bars show the total number of Improvements resulting in each Impact Type, regardless of currency.

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  • The Reports Snapshot.

    The “Financial Impact” section will only display the financial impact of Improvements reported in the chosen currency. Additionally, the soft savings under the “Time Saved” section will only include those Improvements as well. All other fields will include the impact of all Improvements, regardless of the chosen currency.

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Products & Resources

You can add two additional Impact Types with this Add-On - Products and Resources.

An impact concerning Products will be reported as part of Revenue Generation, while an impact concerning Resources will be reported as part of Cost Savings.

Reach out to your Customer Experience lead to add Product and Resources Impact Types.

 

Customize Products & Resources

Once these Types are activated, Quality Administrators can customize them just like they can their organization's list of Time Savings People.

The following instructions detail the steps for working with Products, but the same steps apply for working with Resources.


Create a new Product

Navigate to the "Products" admin page - this page is listed under the "Organization" heading in the admin section.

If you want to create a new Product and have it automatically place in a folder, first click the folder's name so that it is highlighted blue. If you don't want it automatically nested, do not click a folder's name.

Then:

  • Click 2018-04-12_1300.png in the top right corner of the page.

  • In the resulting drop-down menu, click 2018-04-12_1300_001.png.

Create_product.jpg

 

In the resulting window:

  • Enter the name of the Product.

  • (**Optional**) Add a description. This description will appear when you hover over this Product when resolving an Improvement.

  • (**Optional**) We recommend that you enter the hourly rate for this Product.

  • If your organization has multiple currencies, you’ll be asked to enter the currency that should be used as the default for this Product.

  • If you want this Product to be the default type, check the box next to “Default.” If you do so, when someone records that their Improvement had a Product impact, this type of Product will be filled in by default, although the user can change it to another type of Product if necessary.

  • You can configure how many hours per day, days per week, and weeks per year this Product should be counted.

  • Click 2018-03-29_1720.png to create this Product.

 

Edit a Product

Navigate to the "Products" admin page.

  • Hover over the Product you want to edit so that it is highlighted blue.

  • Click 2018-03-29_1711.png to the right of the Product.

Edit_Product.jpg


In the resulting window, edit the Product's information as describde above.

 

Delete a Product

Navigate to the "Products" admin page.

  • Hover over the Product you want to delete so that it is highlighted blue.

  • Click 2016-06-20_1100.png to the right of the Product.

  • In the resulting window, click 2018-04-11_1430.png. The deleted Product will be removed from all Improvement Resolutions.

 

Quantitative Impact Types

When resolving an Improvement that resulted in a change, you can choose between the various Impact Types created by your organization.

These quantitative Impact Types - Cost, Revenue, Time Savings, Product, and Resource - can be configured to give the person resolving an Improvement more control when recording money saved and generated.

The standard software allows users to choose between one-time, recurring, and unknown metrics. This module provides two additional options: range and custom.

Reach out to your Customer Experience lead to take advantage of this feature.

 

Range

The amount entered will be applied toward your organization’s metrics once a month over the entered date range. This is best for Improvements which resulted in a constant amount that is expected to be saved or generated over a set time frame, rather than indefinitely.

2016-09-11_1216.png

 


Custom

The amount entered under each month will be applied once per that year. This is best for Improvements which resulted in inconstant financial savings or revenue generation. You’re not required to enter a value in every month in a year.

2016-09-11_1219.png

 

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