# What is Total Cost of Ownership (TCO) for HR Software?

TCO includes subscription, setup, training, support, and hidden costs. SMEs calculate it to avoid surprises and compare vendors fairly.

Source: https://faqtic.co/glossary/total-cost-of-ownership-tco-hr-software

## Why it Matters for SMEs

- Avoids hidden costs
- Informs budgeting
- Improves comparisons

## Example in Practice

An SME calculates Factorial’s TCO as subscription + onboarding + support.

## Frequently Asked Questions

### Why track TCO?

To know the true cost.

### What’s included?

Licenses, training, support.

### Factorial TCO?

Transparent SaaS pricing.

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