The Advanced ROI Module

The Advanced ROI Module gives you more control over measuring the impact of your improvement work.

When Impact Splitting is being used in your organization, the Impact by Location Report will let you choose to view data by Originating, Responsible, or Impact Locations.

Two Line OfieNOTE: Reach out to your Customer Success Manager to take advantage of the Advanced ROI module and its features.

What is included?

ROI Projections

You can give visibility into the potential versus actual ROI so that your organization can ultimately get better at forecasting results with the Advanced ROI Module.

You can set impact and investment targets for improvement, record changing forecasts throughout implementation, and compare predictions with actual results.

How does it work?

Your Customer Success Manager can turn on the Target ROI and Forecast ROI options for any Template as long as that template has the Resolution section enabled.
With these additional options, your team can create up to three different Resolutions:

  • Actual Resolution - This data shows the actual impact of the Item.
  • Forecast Resolution - This data shows the outcome that your team is on track to reach with their work on this Item.
  • Target Resolution - This data shows the outcome that your team hopes to reach with their work on this Item.

All the information that could be added to the Actual Resolution can be added to either the Forecast and/or Target Resolution so that all three Resolutions are completely comprehensive.

The information added to any of these Resolutions will be displayed in the item’s Resolution section.

Lock Forecast and Target Resolutions

Both Forecast and Target Resolutions can be configured such that they lock after an Item transitions into a specified status. This can help ensure that after an Item reaches a certain status, the impact values recorded within the Forecast and Target Resolutions are uneditable.

Use this to help your KaiNexus users capture the most accurate and reliable data when measuring these Resolutions at certain periods within an Item’s lifecycle.

Filtering by Resolution

When filtering a list of Items by impact, investment, or currency, a Type field will be added beneath the filter rule. Use this field to specify whether you want the filter to return Items with the specified value in the Actual, Forecast, and/or Target Resolution.

When filtering by impact or investment, enter values in the Min and Max fields to return Items with impact values within a specific number range.

Finally, enter a date value in the Realized Starting and Realized Ending fields to return a list of Items with impacts or investments with a realized date within that range. For additional information on the Realized Date feature, check out this support page.

Add Impact and Investment columns to lists of items

When working with a list of items or a Card in the List or Tree Views, you can add the following Impact and Investment columns:

  • Financial Impact - Actual: This column includes the total financial impact included in each item’s Actual Resolution.
  • Financial Impact - Forecast: This column includes the total financial impact included in each item’s Forecast Resolution.
  • Financial Impact - Target: This column includes the total financial impact included in each item’s Target Resolution.
  • Financial Investment - Actual: This column includes the total financial investment included in each item’s Actual Resolution.
  • Financial Investment - Forecast: This column includes the total financial investment included in each item’s Forecast Resolution.
  • Financial Investment - Target: This column includes the total financial investment included in each item’s Target Resolution.

Impact Credit Splitting & Allocation

With Impact Credit Splitting & Allocation, the Advanced ROI Add-On makes it easier to recognize the impact of individual users on improvement work and track whether people are meeting their individual contribution impact targets by assigning quantitative impact with more granularity.

Impact Credit Splitting can be turned on - as either an optional or required element - for any template that has a Resolution enabled.


When you resolve an item that has Credit Splitting enabled, you’ll be able to split the credit for the recorded impact between various users.

So if one person should get 75% of the credit and someone else deserves 25% of the credit, that breakdown can be permanently stored in KaiNexus and taken into account on key Reports.

Credit Splitting Impact and Reports

Credit Splitting comes into play in two reporting areas - a user’s Metrics (accessible from the user’s Profile) and the User Impact Report .

On these Reports, when Show Credit is checked, only the financial impact with which the user was specifically credited will be shown. That means:

  • If a person worked on a financially impactful Item with split credit but was not assigned any credit, the impact of that Item will not appear on this version of the Report.
  • If a person worked on a financially impactful Item and credit was not split at all, the impact of that Item will not appear on this version of the Report.

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.

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

You'll need to supply your Customer Success Manager with:

  • The name of the currency (e.g. U.S. Dollar).
  • The currency’s code (e.g. USD) that will appear whenever people are asked to choose which currency they want to use.
  • 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 that will use this currency as their default.

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.

  • Filters

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

  • Impact Summaries

    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 will still show the total number of Improvements resulting in each Impact Type, regardless of currency.

  • 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.

Additional Impact Types

Lead Time, Cycle Time, and Takt Time

You can add three additional Time Savings Impact Types with this Module:

  • Lead Time
  • Cycle Time
  • Takt Time

An impact concerning Lead Time, Cycle Time, or Takt Time will be reported as part of Time Savings but can be individually reported on within the Impact Summary Report.

Products, Resources, Waste, and Environmental Impact

You can add four additional Impact Types with this Module:

  • Product (reported in the currency as part of Revenue Generation)
  • Resources (reported in the currency as part of Cost Savings)
  • Waste (reported in units)
  • Environmental Impact (reported in units)

Customize Products, Resources, Wastes, and Environment Impacts

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, Wastes, and Environment Impacts.


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 + Add in the top right corner of the page.
  • In the resulting drop-down menu, click Create Product.

In the resulting window:

  • Name (required): The name will be used to identify this Product.
  • Description: Enter an optional description in this field. The description will appear when hovering over this Product's name during the Resolution process.
  • Rate: This hourly rate will be used to calculate the value of any impacts using this Product.
  • Currency: If your organization has multiple currencies, you’ll be asked to choose the currency that should be used as the default for this Product.
  • If you want this Product to be the default type, select the Default checkbox. 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.
  • Locations: If a Location is specified here, only users within that Location (or Locations nested below it) will be able to select this Product when resolving an Item. If no Locations are specified, any user in your organization will be able to select this Product.
  • Hours/Day, Days/Week, and Weeks/Year: These values will determine how many hours per day, days per week, and weeks per year this Product should be counted.
  • Click Save 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 the pencil icon that appears to the right of the Product.
  • In the resulting window, edit the Product's information as described 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 the x button to the right of the Product.
  • In the resulting window, click Delete. The deleted Product will be removed from all Improvement Resolutions.

Advanced Metrics for Quantitative Impacts

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

Quantitative Impact Types 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.

Range

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

Custom

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

Impact Splitting and Allocation

With help from your Customer Success Manager, you can add Impact Splitting to any of your Impact Types - such as Cost Saving or Safety - so that you can be more specific as to which Locations were impacted in what way by a certain Improvement.

Configure Impact Splitting

Each Impact Type can be customized independently of the others, and those changes will be reflected on each item using that Impact Type.

An Impact Type can be customized to:

  • Hide Impact Splitting completely.
  • Make Impact Splitting required whenever that Impact Type is recorded.
  • Make Impact Splitting optional whenever that Impact Type is recorded.

Split the impact when resolving an Improvement

When resolving an Improvement:

  • Check the box next to the Impact Type you want to add and click Add Amount.

  • In the resulting window, record the impact as you normally would.

  • If this Impact Type has Impact Splitting enabled, an Impact Location field will be present. Enter the Location to which you want to allocate this impact.

Filter by Impact Location


When filtering a list by Location, you’ll be able to choose between Responsible, Originating, and Impact. All items with at least one Impact Type allocated to that Location will be returned.

The effect of Impact Splitting on Reports

When Impact Splitting is being used in your organization, the Impact by Location Report will let you choose to view data by Originating, Responsible, or Impact Locations.

Selecting Impact will return only data associated with Items that had some impact allocated to each Location.

Track Investments

If you want to be able to track your organization's improvement work's Return on Investment, you may want to enable users to record the finance, time, or resources that were invested in the course of their work.


Each Investment Type can be customized independently of the others, and those changes will be reflected on each Item using that Investment Type.

Your Customer Success Manager will be able to configure a name and description, let you choose what metrics can be tracked (and how), enable and/or require Location Splitting, and add Attributes to each Investment Type

    How do you do it?

    When resolving an Improvement, fill out the impact section as you normally would, then:

    • Expand the Investment section, if it is closed.
    • Check the box next to the Investment Type you want to add, then click + Add Amount.
    • In the resulting window, record the Investment in the same way that you would record an Impact.
    • Click Save.