What about the cost of losing float compared to the process savings in regard to moving from check to ACH?

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The answer to your question depends on several factors. TAPN has a Monthly Float Payment calculator that can help you understand the reduction in your float. You would want to take your effective interest rate earned on excess cash dollars in your current situation and compare it to the reduction that occurs with going to ACH. Then calculate the reduction in cost between the ACH payment method versus your current method. The difference between these two figures can give you an estimate of the cost benefit of the switch. The above measure is a pure quantitative result but you also might consider qualitative results from the switch. One of the possible benefits from the ACH is the reduction of human error. Another benefit of an automated payment process would be the reduction in the check stock cost required with check writing.

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