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Anya Ciecierski, CAL Business Solutions

4 Simple Steps to Calculate ROI and Justify The Cost of New Accounting Software


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    How much does accounting software cost and can you prove the ROI?  How many times have you been asked that question but really have no idea how to calculate specific ROI numbers?  In his post called “CRM Customization ROI Calculator” Mitch Milam outlines a simple but effective equation to show how to calculate ROI. He is using it to justify that a client needs customization changes in CRM, but the same principle applies to ERP software.  And you can perform the 4 steps to analyze your own team – without waiting for a consultant to sit there and watch you work.  For example, if you are doing the same tasks repetitively (such as re-keying data from an inventory system into your financial system) then you need to figure out how much it is costing your company and if you would actually save money by upgrading to a system that automates the process.

    For example, a client we work with in the staffing industry estimated that their accounting staff spent six to eight hours a week in each of their 36 offices just to input payroll data from their Bullhorn front office staffing system into their Microsoft Dynamics GP financial system.  That is approximately 1,000 hours per month!  By calculating the man- hour cost of these hours, they were easily able to justify the cost of StaffLink GP (a tool from CAL Business Solutions that connects Bullhorn front office with Microsoft Dynamics GP back office).   You can read the full case study on how this staffing company reduced data entry and increased efficiency on our website.

    Want to read more about the ROI of Microsoft Dynamics GP - check out my post "Experts Report on the Positive Return on Investment (ROI) of Purchasing Microsoft Dynamics GP"

    If you want help in determining the ROI of Microsoft Dynamics GP, call me at CAL Business Solutions at 860-485-0910 x3102.

    By CAL Business Solutions, Connecticut Microsoft Dynamics GP Partner

    4 Responses to “4 Simple Steps to Calculate ROI and Justify The Cost of New Accounting Software”

    1. Adelie says:

      You really saved my skin with this information. Thanks!