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Forrester: Total Economic Impact (TEI) of the Mendix Platform

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Is a low-code platform really worth it?

According to Forrester Consulting, yes it is.

Mendix commissioned the consulting firm to conduct a Total Economic Impact™ (TEI) study to examine the value of an investment in the Mendix Low-code Platform. This rigorous research process included stakeholder interviews with four Mendix customers, applying their real-world achievements into an economic model that quantifies both the expected risks and benefits of an investment in the Mendix platform.

Forrester’s composite organization realized $20.52 million in total quantified benefits over three years.

The report’s findings include the following benefits over a three-year period:

  • Savings of $8.1 million in the application delivery process
  • Efficiency gains of $6 million from digitizing processes
  • Incremental gross profit of $3.1 million from improved customer experiences
  • New gross profit of $3.3 million from accelerating time to market for new products

The report also includes feedback from interviewed Mendix customers. Get insight into how other organizations evaluated low-code, and the Mendix platform’s technology, ecosystem, and support model.

“The ability to develop new products quickly with Mendix has changed our business… We can get so much out to our customers much faster, and we get quick feedback from them. The speed-to-market has improved our relationship with our customers.” – Interviewed VP of Software Development

Read the full report to learn more.