Number of team members who are involved in close process.
Average annual salary of accounting team members.
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 saved per industry research.
Users * Hours saved per month * Average hourly cost * 12 month.
Direct software cost, including setup fees and ongoing subscription (annualized).
All upfront costs, excluding annual subscription.
Software subscription (annual).
Cost of internal labor resources ( staff’s time) to implement and maintain FloQast.
Employee time (hours) to evaluate solution
Employee-hours used to evaluate solution between initial awareness, setting up the proof of concept, and signing off on the contract.
40 hours is typical for a midsize company from evaluation to contracting.
Hourly cost of staff (fully burdened) who will be responsible for the up-front admin.
Hours per month that a team member spends maintaining FloQast (adding/removing users, etc.).
Hourly cost of employees (fully burdened) responsible for ongoing administration.
Internal cost of labor resources (your staff’s time) spent on initial and ongoing training for FloQast.