Financial Analysis Tool

Financial Analysis Tool for TCO measuring image
The Sourcing Analytics Proprietary Financial Analysis Tool is a web-based survey instrument designed to help companies determine their total cost for delivery of Payroll, HRIS and Benefits Administration.

It is the tool that enables organizations to benchmark their costs against peer groups based on the organization’s size, industry, system and complexity of benefits.

The analysis provides insights whether you outsource, use internal resources or a combination of the two.

For example, the analysis provides the cost balance between labor and technology, projects future costs and potential ROI from moving to an outsourced environment and helps identify areas for improvement.

For those employing internal resources, the Financial Analysis Tool can project ROI from the introduction of new technology, the upgrade of current platforms or changes to process. Using benchmark analysis, Sourcing Analytics can help you lower costs, mitigate risk and maximize the informed decisions you make.

Completed By Your Team in Less Than Eight Hours

Engagement is easy—organizations receive a login to the tool on the Sourcing Analytics website, complete the survey and submit for analysis.

Sourcing Analytics then:

  • Computes your baseline TCO
  • Benchmarks the results again hundreds of organizations and peer groups
  • Analyzes the meaning of you specific cost dynamics

Obtain and Review Data with Confidence

Because you and your team complete the survey with your data there is no real or perceived bias in data collection. The process is specifically designed to cut through organizational politics and interdepartmental silos to identify hidden costs. Survey participation can include multiple departments which increases engagement and results in a broader acceptance and use of the results.

Sourcing Analytics offers several services to leverage the information obtained
via the Financial Analysis Tool:

Ready to take action in TCO evaluation

Donald Glade - Founder

Donald Glade, expert in TCO analysis Don Glade is the industry’s leading authority on determining the TCO of HR, benefits, and payroll service delivery. Read more.

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