How to Build the Best Business Case for a new ATS?
In order to successfully build a business case for a new Applicant Tracking System (ATS), it is crucial to address potential objections and emphasize the benefits and return on investment (ROI) of the ATS implementation. This article provides valuable tips on how to create a persuasive business case that will convince decision-makers to approve the purchase of an ATS.
How to Build the Best Business Case for a New ATS
Introduction
In order to successfully build a business case for a new Applicant Tracking System (ATS), it is crucial to address potential objections and emphasize the benefits and return on investment (ROI) of the ATS implementation. This article provides valuable tips on how to create a persuasive business case that will convince decision-makers to approve the purchase of an ATS.
Key Considerations
Before presenting your business case, it is important to address objections and concerns that decision-makers may have. Consider the following points to ensure a strong case for a new ATS:
1. Identify the Purpose
To answer the fundamental question of "Why do we need an ATS?", it is essential to understand the current performance metrics of the recruiting process. Define your goals and objectives: whether it's reducing cost-per-hire, enhancing the candidate experience, or expediting the hiring process. Additionally, evaluate any existing ATS and identify the pain points it fails to address. Compile a comprehensive list of issues that an ATS can resolve within your systems.
2. Research ATS Vendors
Once you have identified your pain points, conduct thorough research to find ATS vendors that can effectively address your specific needs. With numerous ATS vendors available in the market, it is crucial to choose one that aligns with your requirements. Shortlist potential vendors and schedule product demos with them. Familiarize yourself with the features and capabilities of each ATS to ensure a well-informed decision-making process.
3. Vendor Comparison
Narrow down your choices to two or three vendors and perform a detailed comparison of their services, pricing, and additional costs. Present this information in a clear and organized manner within your business case. Provide a comparison table highlighting how each vendor can solve your pain points, the implementation process, pricing structures, and any associated costs. This comprehensive analysis will demonstrate to decision-makers that you have thoroughly evaluated your options and are well-prepared for the purchase.
Building a Convincing Business Case
To create a compelling business case for a new ATS, consider the following strategies:
1. Emphasize Support and Customer Service
Choose vendors that offer robust support during the implementation process and prioritize exemplary customer service. Highlight the availability of resources, training programs, and ongoing assistance provided by the vendor. Demonstrating that the vendor is committed to ensuring a smooth transition and long-term satisfaction will instill confidence in decision-makers.
2. Ensure Data Security
Address concerns about data security by selecting vendors with high-security protocols in place. Emphasize the measures taken to safeguard sensitive information and protect against potential data breaches. Assure decision-makers that the ATS vendor prioritizes data privacy and compliance with relevant regulations.
3. Showcase ROI Potential
One of the most persuasive arguments for adopting an ATS is the potential for significant ROI. Utilize data-driven examples to showcase the cost and time savings associated with the investment. Demonstrate how an ATS can improve recruitment results by streamlining processes, reducing manual effort, and enhancing overall efficiency. the value proposition.
Conclusion
Crafting a strong business case for a new ATS requires thorough preparation and a persuasive approach. By addressing objections, researching vendors, and showcasing the benefits and ROI, you can increase the likelihood of gaining approval for the purchase. Implement the strategies outlined in this article to build a compelling business case that convinces decision-makers of the need for a new ATS in your organization.
Alok Nidhi Gupta has built this high tech company from scratch as Co-creator of the organization and lead the organization that filed patents in Smart Metering fields. He has been instrumental in the entire design & development of TalentRecruit’s software offerings, it is under his leadership that recruiters across industries have come to rely on TalentRecruit’s robust solutions.