Through your dashboard, Kanopy provides all of the tools necessary to run various return-on-investment (ROI) analyses to great depth.
To calculate your ROI:
- From your administrative dashboard, select the Invoices tab to find your invoices for the desired time period.
- Select the Analytics tab to access the Summary page. Adjust the date range in the top-right corner to cover the same time period as your invoices, then select Apply. The Plays counter at the top of the Summary page will now show the total plays for that time period. (Libraries often use plays as the most reliable metric for determining value delivered to patrons.)
- Divide total cost paid by total plays to determine your ROI (in terms of amount paid per play).
Note: When thinking about your ROI, remember that a single play often represents more than one viewer enjoying a film. You can also consider patron feedback to get the most complete picture of the value Kanopy brings to your library.