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Simple Numbers for Halo

Updated

The Simple Numbers for Halo is a platform with dashboards and widgets that identify actionable insights into your business performance on metrics like MRR, gross margin, direct labor efficiency ratio, and cost per new client. 

  • Export dashboard data or stream the dashboard into a device 
  • View data over a period, by company, or billing type
  • Compare data across clients

Prerequisites 

Admins and users with financial roles can access the Simple Numbers dashboards. 

 

How to start using Simple Numbers 

  1. Connect Halo to MSPbots. 
  2. Connect your accounting software. Select your software below to view the instructions for integration with MSPbots.
  3. Map your accounts to MSPbots using the instructions on How to Access and Use the Accounting Mapping Feature. 
    Don't forget to use the account mapping template Simple Numbers when mapping your accounts. 
  4. Validate the resulting data. Hover your mouse over Dashboards and select each dashboard to check if they show the expected data.  

    simple_numbers_dashboards_menu.jpg

What are the Simple Numbers dashboards?

  • Simple Numbers Dashboard 

    simple_numbers_dashboard.gif

  • Simple Numbers Dashboard (Time Framed) 


    simple_numbers_time_framed.gif

  • Simple Numbers- Monthly Recurring Revenue Comparative Analysis 


    simple_numbers_comparative_analysis.gif

 

What are the Simple Numbers metrics? 

  • Total MRR. This is computed from monthly invoices from Halo subscriptions and annualized/quarterly recurring invoices, segmented into monthly figures.
  • MRR $/ MSP RR Client. This metric measures the average monthly recurring revenue per client for Managed Service Providers (MSPs). 
  • Gross Margin $. This metric measures how much a business makes after covering the direct costs of production. (Gross Margin = Total Gross Revenue – COGS)
  • Direct Labor Efficiency Ration (DLER). This measures how effectively direct labor contributes to gross margin by comparing gross margin to direct labor costs. (DLER = Gross Margin / Direct Labor COGS)
  • Management Laber Efficiency Ratio (MLER). This compares gross margin and direct labor costs to show how effectively management labor contributes to profits. (Gross margin - DLER COGS) / Management MLER Labor)
  • New Clients Per Month. This metric tracks the number of new clients acquired each month based on the first invoice for the month.
  • Cost per new client calculates the costs of acquiring each new client by dividing the total Sales and Marketing expenses by the number of first invoices issued in a month. (Cost per new Client = Sales Marketing Cost / Count of First Invoice of the Month)

 

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