Financial Calculator

Set specific revenue goals for online renewals by using the financial calculator. Using e.Checks and online renewals, some clients are able to make as much as $250k.

The key to your revenue success is e.Checks. Allowing your customers to pay with e.Checks significantly reduces your credit card fees (e.g., on average the fee for e.Checks is $3 whereas the fee for credit cards is $20).

When using this tool, factor in how much money you can save on printing, mailing and credit card costs by getting your customers to renewal online.

Instructions

1. Download the financial calculator
2. Enter your numbers in the blue highlighted cells (e.g., # of applications, your target online renewals, etc.)
3. See how much profit you will generate and how much money you will save on credit card fees*

* Note: you must offer customer incentives for using e.Checks to realize credit card savings (the savings will significantly out weigh your incentive costs.)

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