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71% Savings
On Opening New Accounts
Annual Savings
Cost Savings
$21,59,680
Total Cost
Total Return on investment
Additional Potential Revenue
Time Savings
Per Advisor
For All Advisors
Monthly Process Cost Savings
For opening new accounts
Cost Per Advisor
Apps Processed Per Advisor
Cost For All Advisors
Apps Processed Totally
Cost Benefit Analysis
For Different Roles
- $91Savings Per App Submitted
- $127.29Total Current Process Cost
- $36.53Total Skience Process Cost
| Role | Current Process Cost | Skience Process Cost | Skience Allocation Per App |
|---|---|---|---|
Advisor |
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Admin |
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Back Office Ops |
|||
Supervision |
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Mail/ Overnight |
-- |
-- |
|
NIGO Cost |
Total Cost Benefit Analysis Projections
Contract Term Years
| Savings | Annual | Total Contract Term |
|---|---|---|
Process Cost Savings for Account Openings |
100 |
100 |
Cost Savings from system replacements |
100 |
100 |
Resource reduction or repurposing headcount |
100 |
100 |
Account Maintenance support costs reduction to due automation |
100 |
100 |
Goodwill - technology attraction to attract new firms |
100 |
|
Other savings firm gains by using Skience not accounted for above |
100 |
100 |
|
Total Return on Investment (Cost Savings)
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Additional Revenue Potential
|
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Total Cost Savings Plus Additional Revenue
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