Passwordless ROI calculator Form

How much your company can save by going passwordless with IDmelon

Our calculator helps you estimate and see how much your company can save by going passwordless with IDmelon instead of maintaining the traditional username-password authentication method, and also estimate and compare the profit or loss on your organization’s investment in deploying passwordless authentication with IDmelon instead of hardware security key deployment.
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Disclaimer
We work hard to ensure that the results presented by our calculator are correct and accurate. However, our calculator is provided for illustrative purposes only, they do not take your personal circumstances into consideration and the results are not guaranteed to be accurate or fit for any purpose. The presented results should not be taken as professional advice, or relied upon as the sole basis for making important decisions.
To get answers to your unique questions, we are here to help.

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How much your company can save by going passwordless with IDmelon

This ROI calculation is made considering hardware security key life expectancy, hardware security key replacement rate per year, login duration time, password rest costs etc.

If you are using hardware FIDO security keys for workforce authentication:

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Total Savings

$6,650.00

Gains in Employee Productivity

720 Hours

Huge costs your organization is incurring with HR for hardware purchase, shipment, storage, delivery, and replacement are NOT included. Neither your budget spent on employee onboarding and training.

If your workforce is using passwords for authentication:

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Total Savings

14,900.00

Gains in Employee Productivity

1,445 Hours

Costs that your organization is incurring with measures and tools that make up for the shortcomings of passwords are NOT included. Neither your budget allocated to security awareness training, automated attack detection, or password managers.

How is this calculated?

Passwordless with IDmelon vs. Passwordless with Hardware Security Keys

TOTAL SAVINGS = Total cost of using hardware security keys (X1) – Total cost of using IDmelon (Y1)
X1 = Total annual cost of hardware security keys (X2) + Annual cost of authentication time (X3)
X2 = Annual cost of hardware security keys (X4) + Annual cost of replacements (X5)
X3 = Annual time spent on authentication per employee per hour (X6) * Number of employees * Average hourly wage
X4 = (Hardware security key cost / Hardware security key lifetime in years) * Number of employees
X5 = Number of employees * Percentage of yearly replacement rate * Hardware security key cost
X6 = (Times an employee signs in during a day * Time spent on a hardware security key authentication in seconds * Working days in a year) / 3600
Y1 = (Number of employees * IDmelon annual cost per employee) + Annual cost of authentication time considering employees earning $20 per hour (Y2)
Y2 = Annual time spent on authentication per employee per hour (Y3) * Number of employees * Average hourly wage
Y3 = (Times an employee signs in during a day * Time spent on authentication using IDmelon in seconds * Working days in a year) / 3600

Productivity (in hours) = (Annual time spent on authentication per employee per hour with security keys (Z1) - Annual time spent on authentication per employee per hour with IDmelon (Z2) ) * Number of employees
Z1 = (Times an employee signs in during a day * Time spent on a hardware security key authentication in seconds * Working days in a year) / 3600
Z2 = (Times an employee signs in during a day * Time spent on authentication using IDmelon in seconds * Working days in a year) / 3600

Passwordless with IDmelon vs. Entering Passwords for Logins

Total Saving = Total cost of IT support and productivity loss using traditional password (X1) - Total cost of going passwordless with IDmelon (Y1)
X1 = Annual cost of authentication time when using passwords (X2) + Annual cost of password reset requests (X3)
X2 = Time spent on password input in a year in hours (X4) * Number of employees * Average hourly wage
X3 = Number of employees * Percentage of monthly password reset requests * Cost of a single password reset request (X5) * 12
X4 = (Time spent on password input in seconds * Times an employee signs in during a day * Working days in a year) / 3600
X5 = (IT average hourly salary / (60 / Time spent on a password reset in minutes) )
Y1 = (Number of employees * IDmelon annual cost per employee) + Annual cost of authentication time considering employees earning $20 per hour (Y2)
Y2 = Annual time spent on authentication per employee per hour (Y3) * Number of employees * Average hourly wage
Y3 = (Times an employee signs in during a day * Time spent on authentication using IDmelon in seconds * Working days in a year) / 3600

‍Productivity (in hours) = (Time spent on password input in a year in hours (Z1) - Annual time spent on authentication in hours with IDmelon (Z2)) * Number of employees
Z1 = (Times an employee signs in during a day * Time spent on password input in seconds * Working days in a year) / 3600
Z2 = (Times an employee signs in during a day * Time spent on authentication using IDmelon in seconds * Working days in a year) / 3600

Passwordless ROI Calculator

How much your company can save by going passwordless with IDmelon

How much your company can save by going passwordless with IDmelon

If you are using hardware FIDO security keys for workforce authentication:

If your workforce is using passwords for authentication:

How is this calculated?