The maths behind the firm.
Pick the closest persona, tweak the eight numbers that describe your firm, and see the annual hours and dollars BackPro would save you. Live, transparent, defensible to a CFO. The methodology is at the bottom.
A mid-size advice practice. SoA-heavy paraplanner workload, light DDQ exposure, two audit-prep events per year.
How much work happens today.
Institutional due-diligence questionnaires you respond to annually.
Total analyst hours from blank page to signed-off response.
Statements of Advice your paraplanners write each month.
Average drafting time from fact-find to client-ready document.
Internal/external audits or APRA/ASIC evidence requests.
Compliance-officer hours per audit-prep cycle.
The formula.
Three workflows, three reduction rates, three role-specific hourly rates. The total is a straight sum: no fudge factor, no risk-adjustment uplift, no “intangibles”. A CFO can reproduce the number by hand:
DDQ_savings = DDQs_per_year × hours_per_DDQ × DDQ_reduction × analyst_rate
SoA_savings = SoAs_per_month × 12 × hours_per_SoA × SoA_reduction × paraplanner_rate
Audit_savings = audit_events × hours_per_event × audit_reduction × compliance_rate
Annual_savings = DDQ_savings + SoA_savings + Audit_savingsReduction rates default to named client results: DDQ 95% (Selector Funds Management, three days to about an hour) and SoA 60% (Frazer Walker; More4Life reported 90%, so 60% is the conservative choice), plus a BackPro estimate of 50% for audit prep. Override any of them in Advanced settings if your operating model is different from the modal firm.