Calculate New Account Opening Cost Benefits (Savings)

Enter current cost/hour and time for various roles below.

Advisor

$/hour

Advisor Average Rate per HourInput average advisor rate per hour for the Company

mins

Advisor minutes per appEnter in 10 minute increments the number of minutes for Advisor to process each application under current process

Admin

$/hour

Admin Average Rate per HourInput average administrator rate per hour for this Company

mins

Admin minutes per appEnter in 10 minute increments the number of minutes for Administrator to process each application under current process

Back Office Ops

$/hour

Back Office Op Avg Rate per HourInput average back office ops rate per hour for this Company

mins

Back Office minutes per appEnter in 10 minute increments the number of minutes for Back Office to process each application under current process

Supervision

$/hour

Supervisor Avg Rate per HourInput average supervisor rate per hour for this Company

mins

Supervisor minutes per appEnter in 10 minute increments the number of minutes for Supervisor to process each application under current process

Mail/ Overnight

$/app

Cost for Mail/Overnight per AppInput average cost for Mail/Overnight per application for this Company

NIGO Cost

Input NIGO percentageInput the Company’s NIGO percentage if known

Your Savings
Savings Per App
Time Saved
Savings Per App
Time Saved
Savings Per App
Time Saved
Savings Per App
Time Saved
Savings Per App
Time Saved
Savings Per App
Time Saved

Additional Overall Settings

Enter additional data to help us determine your return on investment.

Monthly Account OpeningsInput from list the average number of account openings per month in 250 number increments

Input Number of AdvisorsInput average number of advisors

Input Number of YearsInput number of years for contract term

$

Input Annual Cost SavingsInput annual cost saving from sunsetting any solutions, if applicable

$

Input Annual Resource ReductionInput estimated annual resource reduction or repurposing of headcount

$

Input Support Cost ReductionInout annual account maintenance support costs reduction due to automation, if applicable

$

Input Annual GoodwillInput annual goodwill amount assumed, if applicable - such as value of technology upgrade to attract new firms

$

Input additional annual savingsInput any additional annual savings firm gains by using Skience that is not account for in any of the above line items

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