Mortgage Workspace Blog

Leverage the Power of AI with Microsoft Copilot for Mortgage Management Business

Written by Justin Kirsch | Jul 2, 2024 10:09:41 PM

 

It's not breaking news: using AI is no longer a luxury but a necessity. As a mortgage management company, you're likely always seeking ways to improve your business operations, save costs, and increase revenues. The latest study on the Total Economic Impactâ„¢ of Microsoft Copilot for Microsoft 365 provides some compelling reasons for your consideration.

 

Improved Employee Satisfaction and Productivity

Microsoft Copilot can significantly boost employee satisfaction by automating tedious, repetitive tasks, fostering a positive company culture, and empowering your employees. This leads to increased retention and job performance, reducing the reliance on specialized staff.

Moreover, the study reveals that using Microsoft Copilot can accelerate new-hire onboarding time by up to 30%, saving time and resources. This results in increased productivity and value creation, an essential factor in an industry where time is of the essence.

Significant Labor Efficiencies

Labor efficiencies are another key benefit of using this tool. The AI solution's capability to summarize information, draft documents, write emails, and plan workshops can save significant employee time. The total hours saved per year range from 197,424 (3,000 users) to 1,060,800 (10,000 users) depending on the usage level. This time can be redirected towards strategic initiatives to drive your business forward.

Positive Economic Impact

The study also exhibits the positive economic impact of implementing Microsoft Copilot. With high-impact NPV values, Microsoft Copilot provides a sound return on investment for mortgage management companies.

Additionally, the tool can significantly save labor costs. In a study of 3,000-10,000 users, savings ranged from $2,495,232 to $13,406,400, directly impacting your bottom line by reducing operational expenses.

Making the Right Decisions with TEI Methodology

Forrester Research's Total Economic Impact (TEI) methodology offers a practical way to demonstrate, justify, and realize the tangible value of IT initiatives like Microsoft Copilot. By leveraging this methodology, you can effectively communicate Microsoft Copilot's value proposition to senior management and key stakeholders, leading to informed decision-making processes and overall business improvement.

DOWNLOAD THE FULL STUDY HERE

Using Microsoft Copilot for Microsoft 365 can transform your mortgage management business, offering operational efficiency, improved employee satisfaction, and a positive economic impact.

If you're ready to improve your mortgage management abilities, then it's time to get Microsoft Copilot through Mortgage Workspace. We offer a wide range of Microsoft 365 products and provide access to our exclusive mortgage management software at no additional cost.

To learn more, contact us now.