Case Study for QuickBooks Integration and Savings
For many of our customers, before they commit to a solution, they often would like to estimate the anticipated savings before proceeding. When it comes to QuickBooks Integration, due to multiple cost components, the picture is sometimes less clear. To better serve our clients, we have created a financial modeling tool to perform such calculation.
For illustration purposes, we have created two cases that are representative of many typical clients who are considering migrating from the QuickBooks POS and Payment solution to our offerings. These cases provide the bottom line savings, and allowing our customers to better understand how Juno Payments can help them to improve their net margin.
Client 1
Our first client processes $20M in annual transactions using QuickBooks Payment Desktop Monthly Plan. They are a multi-channel client, with its own e-Commerce website, ordering call-center, and terminals with card swipes.
The average transaction value is $200. 20% was ACH transactions, 30% was card-present credit/debit transactions, 40% was through their e-Commerce website or invoices paid through a hosted payment portal, and the remaining 10% was keyed transactions processed through their order call-center.
Using QuickBooks Payment published fee schedule, the total processing cost was over $460K per year.
Using Juno Payments QuickBooks integration solution, the total processing cost was $352K per year. Thereby yielding an annual savings of over $108K per year, the net margin for our client improves by 0.54% just by making the switch.
Client 2
Our second client is a small shop with 10 locations, they processed $7M of annual transaction using QuickBooks Point-of-Sale (POS) and QuickBooks POS Payment Plan. Each location has a single user licensed to use the software on a POS device. In addition, there is a small customer call desk that handles call-in orders.
The average transaction value is $70. 80% was card-present credit/debit transactions without PIN, 10% was debit card transactions with PIN, and the remaining 10% was keyed transactions processed through their order call-center.
Using QuickBooks POS published fee schedule, the total processing cost was over $256K per year.
Using Juno Payments QuickBooks integration solution, the total processing cost was $192K per year. Thereby yielding an annual savings of over $64K per year, the net margin for our client improves by 0.92% just by making the switch.
Rather than making a decision through fee schedule, these cases illustrate how Juno Payments can help our customers to improve their profitability. In competitive industries with narrow margins, these savings can often make a significant impact on your bottom line, and your ability to reinvest and grow your business.
Please contact us if you would like to see how Juno Payments can help you. We look forward to the opportunity to discuss your needs and explore ideas to save you money and help you grow.
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