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What a reporting cycle costs, both ways.

A line-by-line comparison including the costs that only show up in year two, and the one everybody forgets in year one.
Modelled

Fees plus internal time

Excluded

Assurance, both sides

Currency

₦ Naira

Assumptions

All editable in the tool

7 min read

The cost nobody quotes you

Every cost comparison you will read, including the ones vendors publish, compares a licence fee against a consultant fee. That comparison is incomplete in a way that consistently favours whoever is writing it.

The missing line is your own team’s time. A consultant cannot find your meter readings, cannot chase your site managers, and cannot explain your own operations to you. That work stays internal in both models, and on a first cycle it is substantial — frequently comparable to the external fee once you price it at a loaded rate.

We model it on both sides. The platform-led figure assumes 30% of the total effort stays internal; the consultant-led figure assumes 45%. A platform reduces internal effort because collection is structured and recurring; it does not eliminate it, and any model showing internal cost going to zero is selling you something.

The full cost picture

Illustrative structure rather than a quote. Run the tool with your own figures for numbers you can take to a budget meeting.

Cost line Consultant-led Platform-led Notes
External fee Effort × day rate Annual licence The only line most comparisons show
Your team’s time ~45% of total effort ~30% of total effort Priced at a loaded internal day rate
Setup / onboarding Included in the engagement Included in the licence Historic year reconstruction is extra in both
Year two Re-scoped and re-quoted Rollover, same licence Where the models diverge most
Assurance Separate Separate Driven by evidence quality, not by delivery model
Cost of a challenged figure Re-engage, or reconstruct Open the figure Rarely budgeted, occasionally large

Assurance is excluded from both sides deliberately. It is driven almost entirely by how traceable your evidence is rather than by who produced the report.

The lines that surprise people

  • Year two is not a repeat of year oneIn a consultant model it frequently is, because the method leaves with them. In a platform model it should be a fraction, because sites, meters, suppliers and templates already exist. If a vendor’s year-two price equals year one, ask why.
  • Assurance cost is mostly your evidence qualityA disclosure where every figure resolves to a document is cheap to assure. One where the evidence is scattered is expensive, and occasionally cannot be assured at all — which is a much worse outcome than a large fee.
  • Reconstructing history is the expensive oneCollecting twelve months as it happens costs a few hours a month. Reconstructing the same twelve months afterwards costs multiples of that and produces a weaker trail. This single line is usually larger than the difference between the two delivery models.
  • Scope 3 roughly doubles a first cycleIn either model. The first-year relief exists for exactly this reason — but deferring it means year two carries the cost instead, so budget for it rather than being surprised.

Run it with your own numbers

Entity count, site count, whether Scope 3 is in scope, your consultant day rate and your internal loaded rate. Every assumption in the effort model is shown and editable — if ours does not match your experience, change it and see what the answer becomes.

Questions

Is the 60–70% saving realistic?

It is what our effort model produces for a typical single-entity, multi-site Nigerian company in year one, and the gap widens in year two. It is a model, not a promise. The honest version is: run it with your own rates, and if it does not produce that answer for your shape then that is your answer.

What is not in the model?

Assurance fees, historic year reconstruction, and any advisory work on materiality, boundary or strategy. All three are real and all three are better quoted specifically than modelled generically.

How should we present this to a board?

Three-year total cost, both models, with internal time priced. A one-year licence-versus-fee comparison is the framing that invites the question ‘and what about next year’, which you want to have answered before it is asked.

Check this yourself

A summary of a regulation is not the regulation. These are the primary documents this page is based on.

SEC 2027 · 105 days

File with confidence, before the deadline files you.

Companies that start now collect a full clean year before they ever have to file. Companies that start late reconstruct one — and that is the expensive part.

Check your deadline

Four questions, and you get the year you first file, the framework, and what to collect first.

Read the requirement

Plain-language explainers of the FRC and SEC rules, ISSB S1 & S2, and what each asks you to disclose.

Compare the cost

What a consultant-led reporting cycle costs against an annual licence, in Naira.