New PayStream Tool Helps You Calculate Your Total Cost of Ownership
In an effort to help companies determine whether a cloud solution or an on-premise/network solution is more cost effective for their needs, PayStream Advisors launched a Total Cost of Ownership (TCO) Calculation Tool.
Organizations worldwide are actively investigating spend management solutions and exploring the positive impact these solutions can make on their bottom line. PayStream’s research shows that the cost of a spend management solution can vary greatly based on whether the solution is Cloud based or On-Premise/Network. PayStream is presenting this practical tool to help potential buyers of spend management solutions identify the necessary factors in determining the Total Cost of Ownership (TCO) for a solution. PayStream examines both Cloud and On-premise/Network solutions and how these two different deployment methods affect the TCO. As part of this research, PayStream has developed a simple to use model to map and compare the TCO for Cloud versus On-premise/Network solutions.
PayStream’s research findings reveal that the benefits of spend management solutions extend well beyond the cost of acquiring the technology and encompass how the solution is architected, implemented and modified over time.
In order to see the true cost and payoff of spend solutions buyers must carefully evaluate the immediate and long term costs of acquiring and maintaining the technology. The purpose of this paper is to examine the cost of technology by taking an organized, step-by-step approach to evaluating the total cost of ownership and calculating all costs needed to compare Cloud versus On-Premise/Network solution options.
Download your complimentary copy of the TCO white paper and calculation tool today.