Software for Suggestion Schemes, Ideas Management, innovation, suggestion systems
Case Study
Lloyds TSB
Lloyds TSBThanks to implementation of the PrIsM system, the Ideas Manager at Lloyds TSB was able to delegate practically all of the day-to-day idea management operations, freeing up time to promote the program within the business. As a direct result of this promotional activity, the number of new ideas more than doubled when compared to the previous year, with some months almost quadrupling from 500 ideas to 2000 (figure 1). Without effective automation, coping with this extraordinary increase in volume would have meant recruiting extra members of staff. Using the PrIsM system, however, the ideas team took it in their stride.
Not only has the volume of suggestions increased, the quality of the suggestions has also improved. Financial results from the first quarter of 2000 show significant increases on the same period the previous year. PrIsM does this by improving the way you...
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