Cost Savings Calculator

Calculate Your Cost Savings

Welcome to the cost savings calculator!

This tool is designed to help you estimate the cost savings your organization can achieve using a desk booking tool for space optimization. With the rise of remote work and flexible work arrangements, many companies are looking for ways to optimize their office space and reduce costs. By using a desk booking tool, organizations can use their existing space better and reduce the need for costly real estate leases.

To use this calculator, enter the total area of your office space, the cost per sqft of your real estate lease, the space savings percentage that you expect to achieve with a desk booking tool, the increased space utilization percentage that you wish to achieve, and the increased productivity percentage that you expect to achieve. The calculator will then estimate your total cost savings based on these inputs.

Please note that this calculator provides estimates only and should not be considered a substitute for professional advice. We recommend that you consult with a real estate professional or financial advisor for a more accurate assessment of the cost savings you can achieve with a desk booking tool.

Thank you for using the cost savings calculator! We hope that this tool is helpful in your efforts to optimize your office space and reduce costs.

Real Estate Cost Savings Calculator

Expected Cost Savings (per year):

Formula Explained for Calculation

Reduced area = Total area * (100 – Space savings) * (100 + Increased space utilization) / 10000. This formula calculates the reduced area based on the total area, space savings, and increased space utilization. It first calculates the percentage of the area saved by subtracting the space savings percentage from 100, then adds the increased space utilization percentage to 100 to get the final percentage. It then multiplies this percentage by the total area and divides by 10,000 to convert from sqft to square meters.

Reduced cost = Total cost per sqft * Reduced area This formula calculates the reduced cost based on the total cost per sqft and the reduced area calculated in the previous step.

Productivity savings = Average salary of employees * (Increased productivity percentage / 100) This formula calculates the productivity savings based on the average salary of employees and the increased productivity percentage.

Total savings = Total cost – Reduced cost + Productivity savings. This formula calculates the total savings by subtracting the reduced cost from the total cost and adding the productivity savings.

These formulas consider the variables the user provides through the input fields and calculate the cost savings that can be achieved by using a desk booking tool for space optimization.
Increased Productivity: By enabling more flexible work arrangements, the organization may increase employee productivity and reduce the time employees commute or work in distracting environments. For example, if the organization can increase productivity by 5% and the average salary of employees is $50,000 per year, it could save $25,000 per year in increased productivity.

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Desk Booking App

One of the essential features of a meeting room and desk booking system is the Desk Booking App. With a Desk Booking App, you can easily reserve a desk or workspace on-the-go. Room manager Mobile Power App is an excellent solution for desk booking as it offers a user-friendly interface and easy-to-use features. You can book a desk and manage your reservations through the app with just a few clicks.

To learn more about the Desk Booking App, visit Room Manager’s Desk Booking App page.

Desk Management

Managing desks and workspaces can be challenging, especially in a large office. Desk Management feature in a meeting room and desk booking system can make it easy to manage all your desks and spaces in one place. Room manager offers a Desk Management feature that allows you to manage your workspace and desk inventory, track desk usage, and monitor desk availability.

To learn more about Desk Management, visit Room Manager’s Desk Management.

Microsoft Power Platform

Room Manager is built on the Microsoft Power Platform, which means it is highly customizable and can be integrated with other Microsoft tools and applications.

This integration provides real-time, up-to-date information on the desk and room availability. It allows for easy automation of routine tasks, such as desk and room cleaning schedules.

Learn more about how Room Manager can be customized and integrated with other Microsoft tools Power Apps.

Visual Floorplan Booking

Visual Floorplan Booking is an essential feature for managing your office space. With this feature, you can easily create a visual representation of your office floor plan and book rooms accordingly. Room manager offers an excellent Visual Floorplan Booking solution, which allows you to see the availability of your rooms and spaces in real time. This feature is especially useful for larger offices and helps avoid scheduling conflicts.

To learn more about Visual Floorplan Booking, check out Room Manager’s Visual Floorplan Booking .

Room Manager Explained in 5 Minutes Video

If you want to get a quick overview of the main features of Room Manager, check out our “Room Manager Explained in 5 Minutes” video.

In this video, we walk through the system’s key features, including desk and room booking, visual floorplan booking, and efficient workspace management.

Watch the Room Manager Explained in 5 Minutes video YouTube Video.