ROI Calculator - Your Results

Welcome to the Spira ROI Calculator.
Simply edit the numbers in the text fields below then click "update" to view your return on investment.

Variables
Annual Revenue A
Average Ticket Amount B
Average Number of Invoices per Year
A/B		 C  
Average Number of Invoices per Month
C/12		 D  
Cost of Capital (%) E
Billing Accuracy
Current Billing Error Rate (%) F
Target Billing Error Rate (%) G
Field tickets requiring clarification (%) H
Clerical cost to enter hand written ticket into billing system
Average minutes to input one field ticket I
Average minutes spent on an invoice with missing/inaccurate data - Clerk J
Average minutes spent on an invoice with missing/inaccurate data - Technician K
Tehnician cost per hour L
Clerical cost per hour M
Return on Your Investment - 5 Year

Contributing Factors

Current Price Pages
Required Data Entry Field
Field Mathematic
User Defined Profiles
Drop Down Boxes

1 | Do It Right the First Time - Reduce Invoice Errors

 Cost Per Month Monthly Savings 5 Year Savings
Current
Invoices Corrected per Month
D*F		 - - -
Average Cost to Correct One Invoice
((K*L)+(J*M))/60		 - - -
Target
Invoices Corrected per Month
D*G		 - -
Average Cost to Correct One Invoice
((K*L)+(J*M))/60

Contributing Factors

Real Time Reporting
Electronic Data Transfer
Lost Tickets

2 | Reduce Billing Cycle

 5 Year Savings
Current time to invoice
Transport Physical Ticket to Office (days)

N

 - - -
Invoice Processing Time at Office (days)

O

- - -
Total Current Days to Invoice
O+P		 - - -
Target time to invoice
Transport Physical Ticket to Office (days)

P

 - - -
Invoice Processing Time at Office (days)

Q

 - - -
Total Target Days to Invoice
Q+R		 - -
Days to Prepare Invoice (Current)
N + O 		R   - - -
Days to Prepare Invoice (Target)
P + Q		 S   - - -
Average AR (Current Days to Prepare)
(A*R)/365		 - - -
Average AR (Target Days to Prepare)
(A*S)/365		 - - -
Reduction in Working Capital - -

Contributing Factors

Redundant Data Entry
Internal Communication
Illeligble Handwritting
Missing Information

3 | Do It Right the First Time - Reduce Administration

 Cost Per Month Monthly Savings 5 Year Savings
Cost to Clarify Inaccurate Data
(Clerical & Field)
((J*H*D*M)+(K*H*D*L))/60
Cost to Process - Hand Written Data
(I*M*D)/60
Reduced Administration Cost

Contributing Factors

Electronic Signature
Time Collecting Not Correcting
Electronic Invoicing Capability
Disputed Invoices

4 | Reduce Customer Payment Time

  
Monthly Invoice Processing Cost - Hand Written Data  
Current Days to Pay Invoice T
Target Days to Pay Invoice U
Average AR (Current)
A*T/365
Average AR (Target)
A*U/365
Reduction in Working Capital

Return on Your Investment - 5 Year