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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

Monthly cost

Operational Processing

Total Monthly Cost

Cost For All Advisors
Apps Processed Totally

Monthly cost

Operational Processing

Total Monthly Cost

Cost Benefit Analysis

For Different Roles

  • $91
    Savings Per App Submitted
  • $127.29
    Total Current Process Cost
  • $36.53
    Total Skience Process Cost
Role Current Process Cost Skience Process Cost Skience Allocation Per App
Advisor
Admin
Back Office Ops
Supervision
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)
Additional Revenue Potential
Total Cost Savings Plus Additional Revenue