How much time and money could your company recover each year by using TCT Portal? You might be surprised! Use this ROI calculator to project the annual returns on your investment into TCT Portal.
Enter the actual man-hours per year that your company currently spends on each activity. Your first year of achieving compliance will differ from your ongoing compliance maintenance, so we’ve included two versions of the calculator.
NOTE: Be realistic with your numbers. Spend 2 minutes with each participant involved in your compliance to get THEIR numbers. Don’t forget your partners / vendors involved in the process. Fifteen minutes here and there adds up quickly!!
ROI in Year 1
Activity
(Yearly
man-hours)
(Yearly
man-hours)
Status meeting prep work
—
Weekly meeting time
—
Creating a storage system from scratch
—
Developing a process for collecting evidence and tracking compliance
—
Evidence collection/tracking
—
Organizing evidence
—
Time discussing status with auditor
—
Total Man-Hours:
—
—
Annual Time Recovered:
—
—
Average hourly salary of employee doing compliance:
Annual Money Recovered
(requires "average hourly salary" input above):
—
ROI in Year 2 and Beyond
Activity
(Yearly
man-hours)
(YEarly
man-hours)
Status meeting prep work
—
Weekly meeting time
—
Maintaining the storage system
—
Developing a process for collecting evidence and tracking compliance
—
Evidence collection/tracking
—
Organizing evidence
—
Time discussing status with auditor
—
Sorting through loose ends from last year
—
Total Man-Hours:
—
—
Annual Time Recovered:
—
—
Average hourly salary of employee doing compliance:
Annual Money Recovered
(requires "average hourly salary" input above):
—
