Our simple calculator will help you figure out the return on your investment (ROI) when purchasing Chargezoom.
The calculation is simple: it looks at the time it takes to process an invoice plus the time it takes to process a refund and provides a total cost to the business based on the average salary of the person handling invoicing.
The three job titles listed — Accounting Clerk, Accounting Manager, and Business Owner — are the three titles most likely to have a hand in day-to-day invoicing and Accounts Receivable. The salary totals are averages based on a survey from Glassdoor.com for United States-based businesses.
By calculating the amount of time someone spends on the task of processing an invoice, you can get a better idea of what that task “costs” your business and then figure out how much you can save by eliminating those tasks or making them faster/easier to manage.
Our calculator not only includes the expense of your employee’s salary but also the cost of the Chargezoom subscription itself, so the ROI that is calculated is a true ROI because it includes all expenses as well as the cost savings.
Take a look or compare your own calculations to see how you can save significant amounts of time — and money — by automating your invoices with Chargezoom.