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CASE STUDY
Highlights of the LeapFrog Case Study of AppMail's CARE Solution
- Every company's largest cost after payroll is paid time off. Typically,8%-15% of a company's
operating cost. (Source: Applications Marketing Group, April 2004)
- Leapfrog (NYSE: LF) realized the cost related to the vacation accrual liability on their
balance sheet, as well as cash payout to employees as they leave the company was enormous
Direct Result of Implementing AppMail CARE:
- Leapfrog will realize a $1.2m reduction in expenses
- Leapfrog will realize a net saving of $1053 per employee annually
- Reducing this liability has had a positive net effect on the cash position of the company as well as their operating margin
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"We knew that our PTO expense reserve was too high but we had previously found
no way to fix it. The AppMail solution helped us significantly improve accountability and brought top
of mind awareness of the problem to other executives and managers."
- Jim Curley, CFO
LeapFrog Enterprises, Inc.
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