Assume it costs $800 for an engineer-day. Assume your software has 10,000 daily users and that the wasted time cost is 20 seconds (assume this is actual wasted time when an employee is actively waiting and not completing some other task). Assume the employees using the software earn on average 1/8 of what the engineer makes. It would take less than 4 days to make up for the employee's time. That $800 would save about $80,000 per year.
Obviously, this is a contrived example, but I think it's a conservative one. I'm overpaying the engineer (on average) and probably under-estimating time wasted and user cost.