This product has been designed especially for the Fortune 500 companies with the purpose of controlling the advertisement budget. This is done with the help of a built-in benchmarking process by analysing the industry specific data for each market segment across the globe. RightSpend allows its users (i.e. the purchase department of a large company) to pick and prioritize the assets which they want to include in their scope of work and provides a benchmark cost for each such asset. This allows every agency to match and benchmark their scope of work to their agency's compensation.
The database includes over 150 unique assets each at three distinct value levels. RightSpend creates a benchmark staffing plan based on the assets which a user normally chooses and provides a benchmark for the salary of the employees of the agency and experience based on the title, hours per full time equivalent, overhead rates and profit margins for over 60 global markets. It covers all types of agencies including creative, digital, direct, media, promotions, public relations, and event marketing.
In this website MongoDB has been used as our database which is a NoSQL database. We have designed and developed the entire database using MongoDB with the following considerations;
- Administrative Interface
- Replication Security
- Priority Adjustment
The successful completion of this complex project proved the technical prowess of our Ruby on rails developers. We have used Twitter Bootstrap gem which is based on HTML5 and CSS3. This website is completely a triumph of Twitter Bootstrap.
In short we can say, RightSpend is an online tool which is simple to administer, transparent and provides its clients the ability to settle on a fair agency compensation.