EC News DeskOutSystems, announced the results of the new Total Economic Impact of OutSystems, a commissioned study from Forrester Consulting on behalf of OutSystems. The study reports that the OutSystems high-performance low-code platform paid for itself in less than six months and delivered a 506-percent return on investment over three years. These findings come on the heels of the Forrester Wave™: Low-Code Development Platforms for Professional Developers, Q2 2021 report recognizing OutSystems as a leader in low-code development platforms and the “developers’ choice” platform.
“Companies of all sizes need to deliver business critical apps with tight developer resources and are increasingly turning to low-code application development methods to meet their goals — but not all low-code is created equally,” said Paulo Rosado, CEO of OutSystems. “It’s time for organizations to finally experience the radical productivity, power and speed required to crush their backlog and deliver the software they need to succeed. This new research uncovers the power of OutSystems high-performance low-code development.”
The Total Economic Impact of OutSystems examined the benefits achieved by four enterprise organizations that previously relied on traditional frameworks for software development before deploying OutSystems. While OutSystems serves companies of all sizes and industries, the study calculated the financial benefits based on a composite organization, which represents the value achieved by the organizations Forrester interviewed.
Overall, the study found significant quantifiable cost savings when comparing the time and expense of creating and maintaining internal custom software development versus deploying the OutSystems platform. The analysis revealed a net present value for OutSystems of $14.77 million over three years by calculating the platform’s financial benefits versus costs. This included:
- $5.5 million in cost savings for application development as well as continuous changes and maintenance (31% of total benefits)
- $4.6 million in incremental income from revenue-generating business initiatives (26% of total benefits)
- $6.7 million in cost savings from improved operational efficiency (38% of total benefits)
The study showed that OutSystems improved developer productivity by enabling teams to deliver more applications with the same number of developers and deliver applications in a shorter time frame. Customer findings also revealed that OutSystems simplifies the ongoing maintenance of and changes to those applications, which can make a major impact on the bottom line. A director of software engineering and technology initiatives at a pharmaceutical company noted that OutSystems projects were 25% to 50% less expensive than comparable prior projects, while a director of custom development projects at a manufacturer reported a 2x development time savings in the first year.
