What is the JAQi Sales ROI Calculator?

This calculator is a simple, user-friendly tool designed to help businesses see the tangible benefits of using JAQi’s AI-powered Product Search and sales automation. By providing a few key metrics, the calculator projects how much additional revenue and efficiency JAQi can bring by increasing productivity in your procurement process by up to 10x and reducing time-consuming manual tasks.

Understanding Key Terms

Average Sales ($)

• What It Is: Here, you’ll enter your company’s average monthly or annual sales revenue. This number is the starting point for calculating potential ROI, as it provides context for your sales margins and revenue impact.
• Example: Let’s say your business has average monthly sales of $100,000. You’d enter “100,000” in this field. This helps the calculator understand the scale of your operations.

Average Product Margin (%)

• What It Is: Enter the average profit margin for your products here. This margin is a percentage of your sales that reflects how much profit you’re making after costs.
• Example: If your average product margin is 20%, you will enter “20” in this field. The calculator will then use this margin to estimate gross profit based on your sales figure.

Gross Profit

• What It Is: Once you enter your sales and margin numbers, the calculator automatically calculates your gross profit. Gross profit is simply your sales multiplied by your margin and reflects the income generated after covering production or purchasing costs.
• Example: For $100,000 in sales and a 20% margin, the gross profit would be $20,000.

Why Calculate Sales ROI?

Calculating the ROI of sales automation can help you see if the technology is a good fit for your business needs and goals. ROI calculators provide valuable data on potential gains by measuring both time and resource savings in your sales and procurement processes. For example, by automating RFQs (requests for quotes), your team can spend less time on manual data entry, freeing up time to focus on revenue-generating activities.

How to Use the JAQi Sales ROI Calculator

Here’s a step-by-step guide to using the calculator and interpreting the results:

1. Enter Your Average Sales Value

• Example: Let’s say your average monthly sales value is $100,000. Enter this amount to help the calculator project the potential ROI based on your current sales.
• Why It’s Important: This value is a foundation for estimating gross profit and shows the impact JAQi’s automation could have on your total revenue.

2. Enter Your Average Product Margin (%)

• Example: If your product margin averages 20%, enter this figure. This percentage helps determine how much profit you retain from each sale after covering the costs.
• Why It’s Important: Calculating sales ROI accurately depends on knowing your profit margin, as it affects gross profit and any additional margin gained from sales automation.

3. Review Gross Profit and Additional Margin

• After entering your sales and margin numbers, the calculator will display two main metrics:

• Gross Profit: Based on your inputs, this number shows your expected gross profit. In our example of $100,000 average sales with a 20% margin, gross profit would be $20,000.
• Additional Margin Generated by JAQi: Here’s where JAQi comes into the picture. 

How Much Can You Save with JAQi?

Let’s say you input the following:

• Average Sales: $100,000
• Average Product Margin: 20%

With these numbers, the JAQi Sales ROI Calculator would show:

• Gross Profit: $20,000 (20% of $100,000)
• Additional Margin Generated by JAQi: $2,000 (a 10% increase on gross profit)

So, with JAQi, your potential additional annual margin could be up to $24,000—simply by automating sales and procurement processes.

Key Benefits of Using the JAQi Sales ROI Calculator

1. Real-Time Insights: Quickly determine how automation can boost your sales margins.
2. Data-Driven Decisions: Use precise data on gross profit and added margin to weigh the ROI benefits of implementing JAQi’s tools.
3. Simplicity: Just a few inputs give you a straightforward look at the potential revenue impact.

Why Use JAQi for Sales Quote Automation?

With JAQi, your sales and procurement processes become streamlined, error-free, and more efficient. Not only does JAQi AI Product Search centralize data and reduce manual errors, but it also migrates more transactions to self-service channels. This means your team can spend less time on back-and-forth communications and more time closing deals.