We pledge to provide you with the best priced solution for your needs. However, the cost of an Exolvo solution for your business is dependent on a number of factors which prevent price indications being made online. Questions such as how you deploy the solution (in-house, bureau or hosted), the complexity of your organisation, your number of employees, the number of awards you are managing and the historic database that is being migrated from, all impact on the cost. We can assist you with a cost estimate when we know more about your situation.
"Conservative estimates show savings of around $70,000 per annum on timesheet entry alone and payroll processing time reductions of over 50 per cent."
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Regardless of the cost involved, most clients have found significant financial and intangible return on their investment in a PayGlobal solution.
Some reported benefits and savings listed by organisational size and employee numbers are detailed below. Choose your complexity and company's employee numbers to see some common benefits and estimated time until Return on Investment.
Low Complexity Organisations
Low Complexity Organisations are typically characterised by a combination of some of the following features:
- One internal company (one IRD/ABN number being used)
- Less than 10 locations
- Few waged staff and casuals
- Simple pay periods (weekly/fortnightly/monthly)
- No union involvement
- Not many allowances and deductions
up to 600 employees
Summary
Organisations in this category generally chose the Exolvo solution because they want a premium product that is scalable if they grow or acquire other companies. They care about having a fully compliant payroll even though the ROI is slightly longer.
- Reduction in the amount of leave liability via automated online tracking and reporting. Clients report a drop of 30% after one year.
- Decrease in the amount of time and resource required for leave, timesheets and payslips. Estimated costs of $1.90 per person per process dropping to $0.50.
- Increased reporting and control of processes and personnel-related outgoings. Indications show a saving of 0.5 to 1 person per year.
- Slash the number of errors occurring in payroll. Can be as high as 1% of payroll, budget on about 0.25%.
- Declutter your office space and workstations by reducing paper use.
- Save money on consumables as you reduce the need for paper and other stationery and cut down on postage and courier costs.
Estimated ROI
1 to 3 years
600+ employees
Summary
Why chose Exolvo if you are a large company, but very simple?
- Reduction in the amount of leave liability via automated online tracking and reporting. Clients report a drop of 30% after 1 year.
- Cut the amount of time and resource required for leave, timesheets and payslips. Estimated costs of $1.90 per person per process dropping to $0.50.
- Increased reporting and control of processes and personnel-related outgoings. Indications show a saving of 2 to 3 people per year.
- Decrease the number of required payroll resources.
- Slash the number of errors occurring in payroll. Can be as high as 1% of payroll, budget on about 0.25%.
- Declutter your office space and workstations by reducing paper use.
- Save money on consumables as you reduce the need for paper and other stationery and cut down on postage and courier costs.
Estimated ROI
18 months or less
Medium Complexity Organisations
Medium Complexity Organisations are typically characterised by a combination of a few of the following features:
- Multiple internal companies (more than one IRD/ABN number being used)
- Moderate number of locations (10 to 100)
- High percentage of waged staff and casuals
- Multiple pay periods (weekly/fortnightly/monthly) over multiple groups
- Union involvement
- Moderate number of allowances and deductions (less than 200) based on worked situations/conditions
- Payments based on rosters (start and finish times needed for calculations)
- Perhaps using a bureau service currently and have little internal payroll or human resources expertise
up to 600 employees
Summary
Why small-sized organisations with medium complexity would chose the Exolvo solution.
- Reduction in the amount of leave liability via automated online tracking and reporting. Clients report a drop of 30% after 1 year.
- Cut the amount of time and resource required for leave, timesheets and payslips. Estimated costs of $1.90 per person per process dropping to $0.50.
- Increased reporting and control of processes and personnel-related outgoings. Indications show a saving of 0.5 to 2 people per year.
- Slash the number of errors occurring in payroll. Can be as high as 3% of payroll, budget on about 0.5%.
- Lower the cost of manual interpretation of processes and awards across multiple sites. Can be as high as 2% of payroll for those locations. Budget on 0.3%.
- Calculate pay from base rosters rather than timesheets. Using timesheets can add as much as 1% of costs. Budget on 0.01% of costs instead.
- Decrease the number of required payroll resources.
- Declutter your office space and workstations by reducing paper use.
- Save money on consumables as you reduce the need for paper and other stationery and cut down on postage and courier costs.
Estimated ROI
18 months
600+ employees
Summary
How your organisation can benefit from the Exolvo solution when you have high employee numbers with medium complexity.
- Reduce the amount of leave liability via automated online tracking and reporting. Clients report a drop of 30% after 1 year.
- Decrease the amount of time and resource required for leave, timesheets and payslips. Estimated costs of $1.90 per person per process dropping to $0.50.
- Increased reporting and control of processes and personnel-related outgoings. Indications show a saving of 4 to 20 people per year.
- Slash the number of errors occurring in payroll. Can be as high as 3% of payroll, budget on about 0.5%.
- Lower the cost from manual interpretation of processes and awards across multiple sites. Can be as high as 2% of payroll for those locations. Budget on 0.3%.
- Calculate pay from base rosters rather than timesheets. Using timesheets can add as much as 1% of costs. Budget on 0.01% of costs instead.
- Reduce the number of required payroll resources.
- Declutter your office space and workstations by reducing paper use.
- Save money on consumables as you reduce the need for paper and other stationery and cut down on postage and courier costs.
Estimated ROI
Less than 18 months
High Complexity Organisations
High Complexity Organisations are typically characterised by a combination of a few of the following features:
- Multiple internal companies (more than one IRD/ABN number being used)
- High number of locations (100+)
- High percentage of waged staff and casuals
- Multiple pay periods (weekly/fortnightly/monthly) over multiple groups
- Heavy union involvement (multiple contracts/awards/unions)
- Large number of allowances and deductions (more than 200) based on worked situation/conditions
- Payments based on rosters (start and finish times needed for calculations)
up to 600 employees
Summary
How the Exolvo solution can benefit your organisation when you have a small number of employees but a large amount of complexity in your business.
- Reduce the amount of leave liability via automated online tracking and reporting. Clients report a drop of 30% after 1 year.
- Cut the amount of time and resource required for leave, timesheets and payslips. Estimated costs of $1.90 per person per process dropping to $0.50.
- Increased reporting and control of processes and personnel-related outgoings. Indications show a saving of 0.5 to 2 people per year.
- Slash the number of errors occurring in payroll. Can be as high as 10% of payroll, budget on about 2%.
- Lower the cost of manual interpretation of processes and awards across multiple sites. Can be as high as 2% of payroll for those locations. Budget on 0.5%.
- Calculate pay from base rosters rather than timesheets. Using timesheets can add as much as 1% of costs. Budget on 0.01% of costs instead.
- Decrease the number of required payroll resources.
- Declutter your office space and workstations by reducing paper use.
- Save money on consumables as you reduce the need for paper and other stationery and cut down on postage and courier costs.
Estimated ROI
Less than 18 months
600+ employees
Summary
Why highly complex organisations with large numbers of employees choose the Exolvo solution.
- Reduce the amount of leave liability via automated online tracking and reporting. Clients report a drop of 30% after 1 year.
- Cut the amount of time and resource required for leave, timesheets and payslips. Estimated costs of $1.90 per person per process dropping to $0.50.
- Increased reporting and control of processes and personnel-related outgoings. Indications show a saving of 4 to 20 people per year.
- Slash the number of errors occurring in payroll. Can be as high as 10% of payroll, budget on about 2%.
- Lower the cost of manual interpretation of processes and awards across multiple sites. Can be as high as 2% of payroll for those locations. Budget on 0.5%.
- Calculate pay from base rosters rather than timesheets. Using timesheets can add as much as 1% of costs. Budget on 0.01% of costs instead.
- Decrease the number of required payroll resources.
- Declutter your office space and workstations by reducing paper use.
- Save money on consumables as you reduce the need for paper and other stationery and cut down on postage and courier costs.
Estimated ROI
Less than 18 months