Total Cost of Ownership Made Simple: A TCO Template for Smarter Decision-Making

Why Calculate Your TCO?

There are three key reasons you might want to assess your Total Cost of Ownership:

1. Assess your current platform

Understand the total cost of running your existing platform over the next five years, including hosting, support, upgrades, transaction fees, and other expenses.

2. Evaluate a new platform

Estimate the long-term costs of switching to a new eCommerce platform, factoring in expected investments in infrastructure, support, and additional tools.

3. Compare both options

Weigh the costs of staying on your current platform versus migrating to a new one to determine if the switch makes financial sense.