The media tool asks the user a series of questions based on the numbers of staff involved in using the accounts system, the numbers of active customers and the volume of orders and purchase orders dealt with per month.

The relative company data is entered into the fields provided and immediately the user can see the level of savings that could be made by implementing a "paperless" and e-business oriented accounting system.

For example, a company with 8 staff involved in the accounts department with an individual average hourly cost of £10, processing 200 orders per month and based on a conservative estimate of 470 transactions per month (orders, invoices, credits and refunds) could benefit from savings of up to £1,647 per year if it was to go paperless.

The possible savings become even more impressive when a combination of paperless methods are combined with an e-business module and by implementing BACS payments. For the same sized company, the savings rise to £2,779. 

As the accounting and business system is designed to cut down the time spent analyzing and checking information, the calculator then moves on to look at the possible savings that can be made for those involved with accounts reports and spreadsheets.

For 2 staff, each paid £15 an hour, the Exchequer calculator estimates possible time savings of up to 70% with resulting savings of £700 per month. The total yearly savings for this company implementing Exchequer are estimated at £11,000.

The ROI Calculator is interesting for any business looking to improve productivity, increase efficiency and streamline its business processes. It is available free to iTSHOWCASE News readers and can be obtained by visiting the Exchequer web site.

www.exchequer.com