THE TOTAL ECONOMIC IMPACT™ OF GETT GROUND TRANSPORTATION MANAGEMENT PLATFORM 7 ANALYSIS OF BENEFITS TOTAL COST SAVINGS ON RIDES Evidence and data. By using the Gett GTM platform , employees at the decision - maker’s organization have a choice of multiple ground transportation suppliers aggregated in one platform based on their need, preference, and eligibility. The interviewee highlighted their organization’s savings from the ability to adjust vendor preferences and selecting more price - sensitive rides. In the past, employees us ed their preferred supplier of ground transportation with out knowing whether they were eligible for that type of transport or whether that was the most price efficient type of ride. With Gett, employees have a clear view on real - time price comparisons between vendors and clarity on their eligibility for the type s of rides they wish to book. Modeling and a ssumptions. For this financial model, Forrester assumes: • Employees of the organization complete around 2,000 rides in Y ear 1 . A s the organization grows, the number of rides taken increases by about 10% each year. • The average price per ride is $53. Risks. Risks that could impact the realization of this benefit include: • Employees may be used to certain ground transportation suppliers and may keep choosing to select rides with those suppliers even if they are more expensive than other vendors. • COVID - 1 9 changing the manner and frequency of business travel . T here may be a decreased need for business travel in the coming years. Results. To account for these risks, Forrester adjusted this benefit downward by 10 %, yielding a three - year , risk - adjusted tota l PV (discounted at 10%) of over $ 52, 0 00 . Total Cost Savings On Rides Ref. Metric Source Year 1 Year 2 Year 3 A1 Num b er of rides taken per year Interview 2,000 2,200 2,420 A2 Average price per ride Interview $53.00 $53.00 $53.00 A3 Average savings per ride Interview 20% 20% 20% A4 Cost savings per ride A2*A3 $10.60 $10.60 $10.60 At Total cost savings on rides B1*B3 $21,200 $23,320 $25,652 Risk adjustment ↓10% Atr Total cost savings on rides (risk - adjusted) $19,080 $20,988 $23,087 Three - year total: $63,155 Three - year present value: $52,036 “ Gett helped us save around £5,000 a year from our incumbent private hire provider .” Head of procurement, non - profit government organization
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