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What’s the value of Soldo?
Use this calculator to quantify the potential productivity benefits of Soldo for your business.
Use this calculator to quantify the potential productivity benefits of Soldo for your business.
Follow these four simple steps to calculate the potential financial impact of Soldo on your business.
The underlying financial model for this ROI estimator has been commissioned by Soldo and delivered by Forrester Consulting based on its Total Economic Impact™ methodology. Soldo created this tool and Forrester has not verified it for accuracy or certified its results. Although great care has been taken to ensure the accuracy and completeness of the model used in this tool, Soldo and Forrester are unable to accept any legal responsibility for any actions taken on the basis of the information contained herein. The tool is provided ‘AS IS’ and Soldo and Forrester make no warranties of any kind.
In 2023, Soldo commissioned Forrester Consulting to produce the Total Economic Impact™ (TEI) Study of Soldo. Through customer interviews and data aggregation, Forrester Consulting concluded that Soldo delivered £175K present value benefits, 358% ROI, and <6 months payback for a composite organisation. Soldo believes that the productivity benefits calculated by this ROI calculator are in line with the calculations used in the study.
For the ROI calculation in Soldo’s tool, the cost of Soldo is consistent with the rate used by Forrester Consulting for the composite organisation in the Total Economic Impact™ (TEI) Study of Soldo. Each physical card is calculated at a one-time £5 cost per card and each user at a £6 monthly cost per user. To adjust for risks, the cost is additionally adjusted upward by 5%.
The Total Economic Impact™ (TEI) Study of Soldo found that a composite organisation experienced additional benefits by using Soldo that were not quantifiable for ROI. For example:
The ROI calculation caters for different use cases and starting points. For instance, some companies still use very manual processes and tools (like spreadsheets) to manage expenses. If your company is slightly more advanced, you may already have an expense management solution but need a company card that offers the level of control delivered by Soldo. In that case, your time savings may be a bit lower. This type of variance is accounted for in the risk adjustment.
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