The Economic Impact of SimplyCount:

Streamlining Engineering and Manufacturing for Significant Savings

In today’s fiercely competitive construction and manufacturing sectors, finding innovative ways to boost efficiency and cut costs is paramount. SimplyCount, an advanced software solution designed for reviewing and itemizing information on construction blueprints and Piping and Instrumentation Diagrams (P&IDs), delivers tangible economic advantages through increased accuracy, streamlined workflows, and enhanced data management.

  1. Efficient and Accurate Counting:
    • Manually counting symbols on P&IDs, such as valves, pumps, and instruments, takes a lot of time and can lead to errors. SimplyCount automates this process using advanced deep learning models (AI) and novel computer vision algorithms, ensuring precise counting even in poorly drafted or scanned documents. This saves significant time and allows companies to allocate resources more effectively, reducing labor costs. For example, if an estimator saves 40 minutes per page at a labor cost of $50 per hour, the savings amount to about $33.33 per page.
  2. Data Conversion and Usability
    • SimplyCount exports directly into Excel and PDF formats, making it easy to integrate into existing workflows. This improved data management supports efficient project planning and execution, leading to better decision-making and reduced inefficiencies. Quickly generating accurate reports also improves communication and collaboration across project teams, enhancing overall productivity.
  3. Improved Estimating and Budgeting
    • The software’s ability to count symbols accurately aids in precise estimation and budgeting for construction projects. Accurate material quantities and associated costs lead to reliable project estimates and bids, helping companies avoid cost overruns. This reliability enhances a company’s reputation and credibility, potentially increasing business opportunities and client trust.
  4. Scalability and Flexibility
    • SimplyCount is versatile and suitable for various projects, from small-scale bids to larg-scale bids. Its offline functionality is particularly beneficial as it does not incur cloud costs or fees and can be used on-site where internet access may be limited. This scalability ensures that the software can grow with the company, supporting larger and more complex projects over time without significant additional investment.
  5. Comprehensive Blueprint Analysis
    • In addition to simple counting, SimplyCount offers advanced analysis tools for blueprints and P&IDs, including digital takeoff and electrical estimation. These tools streamline the process of analyzing complex diagrams, ensuring thorough and accurate project planning. This comprehensive approach supports effective risk management and mitigation strategies, improving project outcomes.
  6. Cost-Effective Solutions
    • SimplyCount offers various pricing options, including annual subscriptions and enterprise licensing, making it accessible to businesses with different budgetary constraints. This flexibility allows companies to choose the most cost-effective plan, ensuring they can leverage advanced P&ID analysis tools without significant financial investment.

Economics and return on investment:

Let’s say it normally takes 60 minutes to review one page. With SimplyCount, it takes much less time to search and verify symbols across all pages in one shot, reducing the time to 10 minutes to review a page.

How Much Money Can SimplyCount Save?

  • Time Saved: Each page reviewed with SimplyCount saves 40 minutes (0.67 hours) of work.
  • Labor Cost: Let’s assume the burn cost of doing the work is $50 per hour.
  • Savings Per Page: For each page reviewed, the company saves 0.67 hours * $50/hour = $33.33 in labor costs.

Examples of Savings:

  • 100 Pages: If the company reviews 100 pages a year with SimplyCount, they save $33.33/page * 100 pages = $3,333.
  • 5 Users: If five employees use SimplyCount, the total savings jump to $3,333 * 5 = $16,665 per year.

Return on Investment (ROI):

  • Software Cost: SimplyCount costs $1,200 per user per year.
  • ROI Calculation: The return on investment measures whether the savings are worth the cost of the software. For one user, the ROI is approximately 177.75%. This means that the company gets back about $1.78 in savings for every dollar spent on software.

Key Takeaway:

SimplyCount can save companies a lot of money by reducing the time spent on reviewing documents. The more pages reviewed and the more people using the tool, the greater the savings. Create an account today to connect with us and learn how your company can use Simplycount to gain a competitive edge.