Return on Investment from Tyler Content Manager Limited Edition
This ROI calculator measures and projects the value of adding Tyler Content Manager Limited Edition (TCM LE) to assist in your daily operations. This calculator should be used after you have calculated your current processing costs for: time and tasks associated with the current paper process; costs associated with current tasks and time spent; and total cost of the current business process. As calculating returns is not an exact science, the costs of these existing processes are only estimates. But by analyzing the costs involved in an existing process and comparing them to those of a higher technology alternative, you can arrive at a sound financial projection. The model shown here will get you started, and may be all you need to calculate your ROI. Please contact your Tyler representative for assistance with costing out your situation, and for information on how to get started using TCM LE.
Calculate Your Savings
CURRENT COSTS
Annual Accounts Payable Cost
The calculator below will help you determine the potential savings of using TCM LE.
Input Value
Calculated Cost
Average hourly employee wage : $ Number of vendor invoices processed per year : Average number of copies made of each invoice : Time it takes (in minutes) to process the invoice for approval : Average number of times invoice is accessed by all involved in the process : Average percent of paper lost (experts estimate 15% of all paperwork is lost) : % Number of times per year you need to locate an associated document :
(i.e. Purchase Order or copy of AP check)
$ $ $ $ $
Annual accounts payable process cost without TCM LE: $
Annual Document Retrieval Cost
We estimate finance and purchasing employees spend at least an hour each day retrieving documents. For example, retrieving copies of purchase orders, AP checks for a vendor (10 min), W-2 or direct deposits for employees (5 min), locating invoice copies that were sent to a vendor (6 min), and routing these documents to everyone who needs them (15 min).
Number of finance and purchasing employees : Number of hours each day spent on retrieving documents : Annual document retrieval process cost without TCM LE : $ ToTAL CurrEnT InVoICE ProCESSInG CoSTS : $
TCM LE COSTS
TCM LE Solution : $ Hardware : $ Software : $ Configuration/Installation : $ Annual Maintenance : $ TCM LE Initial Cost : $
Input Value
RETURN ON INVESTMENT
1 Year Savings 3 Year Savings 5 Year Savings
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