Why Use Foxtrot?

Calculate Your ROI

ASSUMPTIONS

Employee benefits, equipment, training, hiring, & recruiting cost a company 40% of employee's annual salary.
There is a 25% error rate entering data manually resulting in additional time for research and corrections.
For every 25 hours of manual data entry, organizations lose $8,500 due to data entry mistakes.
Managers spend 20% of the total number of monthly data entry hours overseeing these projects.
Foxtrot eliminates the need to give temp and part-time workers access to sensitive data.
Foxtrot reduces manual data entry by 80%
Foxtrot reduces data entry errors by 100%

SALARY INFORMATION
Average annual salary of full-time employee (excluding benefits, recruiting, equipment, etc.)
Average annual salary of part-time employee (excluding benefits, recruiting, equipment, etc.)
Average annual salary of manager (excluding benefits, recruiting, equipment, etc.)

MANUAL DATA ENTRY AND MASS DATA MAINTENANCE COSTS WITHOUT FOXTROT
Labor Costs (Full-time Employee)
Labor Costs (Part-time employee)
Labor Costs (Management)
Average number of working days in a year
Average hourly cost per full-time employee
Average hourly cost per part-time employee
Number of hours each month that all employees are performing manual data entry or mass maintenance tasks
Average number of hours per month correcting data input
Average hourly cost per employee
Average number of hours per month managers are overseeing mass maintenance projects
Average hourly cost per manager
Average monthly loss due to input errors
Average monthly cost of data entry and mass maintenance
Annual Cost

MANUAL DATA ENTRY AND MASS MAINTENANCE COSTS WITH FOXTROT
Cost of Foxtrot License(s)
Annual Maintenance
Average number of hours per month employees are performing mass maintenance with Foxtrot
Average hourly cost per employee
Average number of hours per month managers are overseeing mass maintenance projects
Average hourly cost per manager
Average monthly loss due to input errors
Monthly Cost (yr1)
Annual Cost Yr1
Monthly Cost (yr2)
Annual Cost Yr2


LABOR EFFICIENCY
Staff Reduction (Full-time)
Staff Reduction (Part-time)
Monthly Labor Cost Reduction
Annual Labor Cost Reduction

ROI
Annual Savings Yr 1
Monthly Savings Yr 1
Payback Period (in months)
ROI (%) YR1

SOFT COSTS

What is the financial exposure due to giving temporary or part-time workers access to sensitive data?
What is the cost of reduced efficiency when emergency manual process is needed?
What is the cost of replacing "burned out" data entry personnel?

"Foxtrot has been used in various data conversions at the bank including a conversion last year of the CIF from non-parsed to parsed and conversions of product types on accounts and mass maintenance projects. Additionally, it is used daily in the Accounting area to upload general ledger batches and batch transaction entries to CBS."

Stillwater National Bank - Sharon Knight, Vice President, Loan Services Manager