Leading SaaS test management platform company PractiTest is announcing the publication of The Total Economic Impact™ Of PractiTest | Cost Savings And Business Benefits Enabled By PractiTest, May 2023.
PractiTest commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study and examine the potential return on investment (ROI) enterprises may realize by deploying PractiTest. The study found a 312% ROI with PractiTest, with one customer experiencing $2.4 million in benefits due to increased visibility and improved testing efficiencies.
Commenting on the study’s publication, PractiTest CEO Yaniv Iny said, “Our customers span the breadth of industries from Retail to Finance, from Healthcare to Technology, from Government to Education and more. They need to have confidence in the solutions which have been implemented into their business operations.”
Iny continued, “By utilizing PractiTest’s end-to-end test management platform, they can ensure faster delivery of high quality software. The Forrester study’s findings make it clear that improved testing efficiencies, standardized testing processes, and real-time project visibility can result in a high ROI with PractiTest.”
The company’s Co-Founder and Chief Solution Architect Joel Montvelisky added, “I’m incredibly proud of these findings, which are a result of the dedication of our team and the close partnerships we’ve developed with our customers. Our commitment to delivering continuous value and ensuring our technology exceeds customer expectations is only matched by their trust and support.”
Additionally, the Forrester study* found:
- 20% improved efficiency of managing manual tests
- 15% improved efficiency of orchestrating automated testing in year 1
- Net present value of $1.8 million over three years
*Study results are for interviewed customer’s organization.
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