Elevated cost-savings from tracking cash flow-resulting in a 50% reduction in loan interest paid.Increased time-savings via advanced reporting-resulting in a 16% decrease in decision-making time.Increased efficiency while performing financial tasks-resulting in a 30% increase in productivity.Findings revealed that users of Advanced noted exceptional value spanning four key quantified areas: The Total Economic Impact (TEI) study uncovered several operational-enhancing benefits for business owners that may be like you. Now, let’s jump into the top four business and cost-saving benefits… Key benefits of QuickBooks Online Advanced That composite organization represents US businesses that are growing quickly, employ approximately 50 people, and make around $15M in annual revenue. Forrester then aggregated the experiences of all participants and combined the results into a single composite organization. And while ROI holds great weight in a business owner’s technology purchase decision, other key findings include increased operational efficiency with daily financial tasks, better reporting, cost-savings associated with cash flow tracking, and enhanced employee collaboration.Ī quick note on study methodology before we dig into the findings: Forrester interviewed six decision makers and surveyed 93 who are active QuickBooks Online Advanced users. This is why Intuit commissioned Forrester Research, a leading global market research company, to develop The Total Economic Impact™ of Intuit QuickBooks Online Advanced so business owners like you can see just how much value comes with implementing the right application.įirst, that massive ROI: Overall findings indicated a 488% return on investment and a risk-adjusted net savings of $59K over three years (net present value, or NPV) based on a composite organization developed from businesses participating in the study.
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What are the benefits? What are the risks? What will be my return on investment (ROI)? As more mid-market business owners outgrow desktop tools, sour on slapdash solutions, and move on from manual accounting methods, they require answers and insights to make smart, informed decisions on their next big technology purchase.īecause accounting professionals love their numbers, especially when it comes to ROI, it’s important to understand the immense value that the right accounting solution offers. Growing businesses have a lot of questions when it comes to investing in financial management software. QuickBooks Inventory Tracking to Fishbowl.
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