12 examples of how Lucid helps teams maximize their savings

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Key takeaways

Consolidating redundant apps with the Lucid Work Acceleration Platform helps teams significantly reduce visual collaboration tech spend.
Top companies improve decision-making cost savings by automating planning workflows and reclaiming hundreds of hours previously lost to manual coordination.
With Lucid, organizations save hundreds of thousands of dollars each year by transitioning from in-person workshops to virtual collaboration sessions to eliminate travel costs.

Business leaders face pressure to consolidate their tech stacks to eliminate redundant costs that drain budgets. Now more than ever, organizations need a solution that goes beyond preaching efficiency. They need a solution that enables teams to maximize productivity, promote alignment, and protect the bottom line.
In this article, we’ll share examples of how a variety of industries are leveraging Lucid to maximize output and minimize spend. Read on to find out how our solutions helped organizations reduce expensive licenses, strengthen the decision-making process, and save on travel costs.

Cost savings: Tool consolidation

A crowded tech stack does more than drain your budget; it creates friction and stalls progress. To truly move the needle, leaders must move away from disparate tools and focus on solutions that accelerate work. When teams consolidate to Lucid, they save time, break down silos, and protect their budgets.

Large healthcare system

For a large healthcare system, shifting from Mural to Lucid delivered across two fronts: tech spend and team capacity. Lucid provided a more sophisticated feature set for their detailed design workshops, reducing duplicative technology spend for around 225 employees.

Global pharmaceutical and diagnostics company

The Lucid professional services team migrated tens of thousands of documents from other diagramming and whiteboarding solutions, enabling a pharmaceutical and diagnostics company to save 30% on its tech spend for visual collaboration.

Global insurance company

Not all visual collaboration is created equal. In the era where every app promises efficiency, choosing the right platform that delivers on its promises is critical to avoiding tool sprawl. And redundant licensing fees.

By eliminating tools like Miro and Mural and switching to Lucid, a global insurance company saved an estimated $300,000 in software spend.

Cost savings: Planning and decision-making

Planning sessions are the engine behind innovation, yet can be costly, convoluted, and hard to coordinate. Across industries, the Lucid Work Acceleration Platform has helped teams reclaim their budgets by transforming how meetings are facilitated.

Large healthcare system

The Agile transformation office at a large healthcare system increased annual Scrum team development time by 480 hours—an equivalent of $240,000—by running more efficient and productive PI planning sessions in Lucid.

Increase team collaboration and alignment with our free PI planning template.

Financial services company

By transitioning from legacy applications to Lucid, a leading financial services company transformed its cloud architecture strategy. This standardization eliminated over $200,000 a year on tech spend

and empowered enterprise architect teams to facilitate faster, data-driven decisions.
By centralizing documentation, teams can quickly identify process gaps and avoid duplicate efforts. This shift allows each team member to reclaim six hours every two weeks, saving $500,000 per year, per team.

Government consulting firm

For one government consulting firm, reimagining the PI planning process was a catalyst for significant cost savings. By moving away from manual coordination and standardizing processes in Lucid, the firm eliminated inefficiencies that previously stalled momentum. This transition into an automated planning workflow generated more than $100,000 in direct cost savings while keeping teams aligned on complex government mandates.

Cost savings: Travel

While some in-person meetings are necessary, many organizations have discovered that they can save thousands of dollars by hosting their meetings on a visual collaboration platform. Rather than coordinating expensive flights and accommodations for working sessions, teams are leveraging Lucid to achieve high-level connection and alignment from anywhere in the world.

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Top bank

When a commercial banking team at a top bank transitioned from hosting three in-person workshops a year to hosting them virtually in Lucid, the cost savings were immediate. They saved over $160,000 in travel costs alone and reclaimed 600 hours that were previously lost to transit time. By facilitating real-time alignment in a shared visual space, they accelerated productivity by 10x, proving that they don’t always need to be in the same physical location to achieve great results.

Top global pharmaceutical and diagnostics company

A top global pharmaceutical and diagnostics company moved its annual hackathon from an in-person event to Lucid, accelerating its innovation. As a result, the engineering and product teams saved over $300,000 on travel and event-related expenses.

The efficiency gains extended to the back end as well. By consolidating the entire planning process within Lucid and building a reusable event template, the events team reclaimed 100 hours of administrative time. This standardized framework now allows the organization to facilitate high-impact global events at a fraction of the traditional cost and effort.

Use our free template to plan an engaging and organized hackathon.

Global logistics company

Coordinating work across international time zones is a complex challenge. By leveraging Lucid to facilitate asynchronous collaboration, a global logistics company successfully reduced travel costs by 10%–20%.

Cloud transformation organization

A team of 11 globally distributed solution architects saves more than $40,000 annually by using Lucid instead of having in-person meetings.

Top global insurance company

By transitioning from in-person planning to hybrid collaboration in Lucid, a top global insurance company eliminated the need for four annual travel trips. This strategic shift resulted in over $1.4 million in annual savings. By facilitating alignment on a virtual canvas, the team maintained high-level coordination without the high-level overhead of international transit.

Defense contractor

Using Lucid, one defense contractor saw significant cost savings for their Agile and IT teams. Workshop times for the Agile team were reduced from 24 hours to 15 hours. They also cut travel costs by meeting virtually three hours a day over a week, allowing momentum to continue on other projects the rest of the day. For the IT service delivery team, they also moved to virtual meetings in Lucid, saving $38,600 in travel and on-site costs for one on-site alone.

See how Lucid can provide cost-effective solutions for your organization.

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About Lucid

Lucid Software is the leader in visual collaboration and work acceleration, helping teams see and build the future by turning ideas into reality. Its products include the Lucid Visual Collaboration Suite (Lucidchart and Lucidspark) and airfocus. The Lucid Visual Collaboration Suite, combined with powerful accelerators for cloud and process transformation, empowers organizations to streamline work, foster alignment, and drive business transformation at scale. airfocus, an AI-powered product management and roadmapping platform, extends these capabilities by helping teams prioritize work, define product strategy, and align execution with business goals. The most used work acceleration platform by the Fortune 500, Lucid's solutions are trusted by more than 100 million users across enterprises worldwide, including Google, GE, and NBC Universal. Lucid partners with leaders such as Google, Atlassian, and Microsoft, and has received numerous awards for its products, growth, and workplace culture.

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12 examples of how Lucid helps teams maximize their savings

Key takeaways

Cost savings: Tool consolidation

Large healthcare system

Global pharmaceutical and diagnostics company

Global insurance company

Cost savings: Planning and decision-making

Large healthcare system

Financial services company

Government consulting firm

Cost savings: Travel

Hosting your own virtual meeting or workshop?

Top bank

Top global pharmaceutical and diagnostics company

Global logistics company

Cloud transformation organization

Top global insurance company

Defense contractor

About Lucid

Related articles

5 red flags to look out for when evaluating visual collaboration platforms

The top capabilities technical teams need from a visual collaboration solution

What makes Lucid the most intelligent visual collaboration solution—and why does it matter?

15+ real-world examples of how companies save time with Lucid

Bring your bright ideas to life.

Key takeaways

Cost savings: Tool consolidation

Large healthcare system

Global pharmaceutical and diagnostics company

Global insurance company

Cost savings: Planning and decision-making

Large healthcare system

Financial services company

Government consulting firm

Cost savings: Travel

Hosting your own virtual meeting or workshop?

Top bank

Top global pharmaceutical and diagnostics company

Global logistics company

Cloud transformation organization

Top global insurance company

Defense contractor