Cloud Accounting SaaS ROI Calculator

Cloud Accounting SaaS ROI Calculator
LAST UPDATED: March 4, 2019
ABOUT THIS DOCUMENT
This ROI calculator was created in conjunction with Amalgam Insights, a

consulting and strategy firm focused on the transformative value of technology
consumption management.
You can use this calculator to estimate the Return on Investment (ROI) of
FloQast and many other SaaS solutions that enable increased productivity on
your team.
View Amalgam Insights' Business Analysis Report of FloQast
HOW TO EDIT YOUR OWN COPY IN GOOGLE SHEETS

This document is already in your Google Drive folder, but cannot be edited. If
you want to take this document to make your own edits, follow the instructions
below:
1. Choose File
2. Make a copy...
3. Make sure the "Share it with same people" box is unchecked
HOW TO DOWNLOAD AND EDIT IN EXCEL

If you want to download this document to Excel to make your own edits, follow
the instructions below:
1. Choose File
2. Download as
3. Microsoft Excel (.xlsx)
Select the Assumptions tab below to modify the inputs to your particular situation, then view the Calculator
FloQast is close management software created by accountants for accountants.
Discover how FloQast helps teams close faster and more accurately.
Demo Now
CONNECT WITH US!
Twitter
Facebook
LinkedIn
ur particular situation, then view the Calculator tab to vew the ROI analysis.
VISIT THE OVERVIEW TAB FOR INSTRUCTIONS ON HOW TO MAKE YOUR OWN EDITABLE COPY OF THIS SPREADSH
Assumptions
Team
Number of people on the team (users) 5.00
Average team member's annual salary $80,000.00
Fully loaded cost multiplier 1.30
Average team member fully loaded cost, annually $104,000.00
Average team member fully loaded cost, hourly $50.00
Productivity
Hours saved per month, per team member 24.00
Days saved per month, per team member 3
Annual team productivity savings $72,000.00
Software Costs
This is the direct cost of the software, both setup fees and ongoing software
subscriptions (on an annual basis).
Upfront software setup / implementation fees $8,910.00
Annual software subscription fee $29,700.00
Administration Costslabor resources (your staff's time) to implement and

This is the cost of internal
maintain the application.
Up-front
Employee-hours used to evaluate solution between initial awareness, setting
up the proof of concept, and signing off on the contract.
Up-front administration hours 40.00

Average hourly cost of person responsible for admin $75.00
Total up-front administration costs $3,000.00
Ongoing
Ongoing administration hours, monthly 1.00

Average hourly cost of person performing ongoing admin $75.00
Total ongoing annual administration costs $900.00
Training Costs cost of labor resources (your staff's time) spent on initial
This is the internal
and ongoing training for the application.
Up-front
Up-front training hours, per employee 4.00
Total up-front training cost $1,000.00
Ongoing
Ongoing training hours per year, per employee 1.00
Annual estimated training cost $250.00
YOUR OWN EDITABLE COPY OF THIS SPREADSHEET
Instructions: The highlighted cells represent inputs that you can modify to
your individual situation. Updating these inputs will reflect in the
calculations on the Calculator tab.
Number of team members who will benefit from increased productivity

Average annual salary of the accounting team
Be sure to add 20-30% to salaries to account for overhead and benefits
Hours per month each team member will save on due to increased productivity
Time savings in terms of days
Users * Hours saved per month * Average hourly cost * 12 months
All upfront costs exclusive of the subscription fee

The software subscription fee on an annual basis
Forty hours is typical for a midsize company from evaluation to signing the contract
Hourly cost of staff (fully burdened) who will be responsible for the up-front admin
Hours per month that a team member will spend maintaining the application (adding
users, removing users, etc.)
Hourly cost of employees (fully burdened) responsible for ongoing administration
VISIT THE OVERVIEW TAB FOR INSTRUCTIONS ON HOW TO MAKE YOUR OWN EDITABLE COPY OF THIS SPREADSH
Cloud Accounting SaaS ROI Calculator

Initial Cost Year 1 Year 2 Year 3
Costs
Software $8,910 $29,700 $29,700 $29,700
Administration $3,000 $900 $900 $900
Training $1,000 $250 $250 $250
Total Costs $12,910 $30,850 $30,850 $30,850
Benefits
Productivity $72,000 $72,000 $72,000
Total Benefits $72,000 $72,000 $72,000
Net Value $41,150 $41,150 $41,150
Cumulative Costs $12,910 $43,760 $74,610 $105,460

Cumulative Net Value -$12,910 $28,240 $69,390 $110,540
Cumulative ROI 65% 93% 105%
Notes
This ROI calculation assumes:
- A team of 5 users for the new application
- The team will save on average 3 days per month due to increased productivity
Visit the Overview tab below for instructions.
Visit the Assumptions tab to modify the inputs to this calculator
DITABLE COPY OF THIS SPREADSHEET
Year 4 Year 5
$29,700 $29,700
$900 $900
$250 $250
$30,850 $30,850
$72,000 $72,000
$72,000 $72,000
$41,150 $41,150
$136,310 $167,160
$151,690 $192,840
111% 115%

Cloud Accounting SaaS ROI Calculator

Uploaded by

Copyright:

Available Formats

Cloud Accounting SaaS ROI Calculator

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Cloud Accounting SaaS ROI Calculator

Uploaded by

Copyright:

Available Formats

Cloud Accounting SaaS ROI Calculator

LAST UPDATED: March 4, 2019

ABOUT THIS DOCUMENT

This ROI calculator was created in conjunction with Amalgam Insights, a

View Amalgam Insights' Business Analysis Report of FloQast

HOW TO EDIT YOUR OWN COPY IN GOOGLE SHEETS

3. Make sure the "Share it with same people" box is unchecked

HOW TO DOWNLOAD AND EDIT IN EXCEL

Administration Costslabor resources (your staff's time) to implement and

Up-front administration hours 40.00

Total up-front administration costs $3,000.00

Ongoing administration hours, monthly 1.00

Total ongoing annual administration costs $900.00

Number of team members who will benefit from increased productivity

All upfront costs exclusive of the subscription fee

Cloud Accounting SaaS ROI Calculator

Cumulative Costs $12,910 $43,760 $74,610 $105,460

You might also like