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Procurement Market Intelligence Report

ACA Compliance Software
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for ACA Compliance Software?

What is the average price of ACA Compliance Software?

This procurement report includes pricing information to help you purchase ACA Compliance Software. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of ACA Compliance Software been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase ACA Compliance Software yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing ACA Compliance Software?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for ACA Compliance Software with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase ?

Market share concentration for ACA compliance software suppliers is low, primarily because the market is new, and players are still developing their customer bases. There are an estimated 50 ACA compliance software suppliers in the US market, and the largest vendors (ADP, Thomson Reuters, Kronos and Infinisource) account for less... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Experience and Expertise

How long have you provided these products to your longest-tenured client?

What qualifications does your staff have and what measures do you take to keep those qualifications up to date?

What industry do you most commonly supply this product for?

To what extent will ordering multiple products from your firm allow me to save on costs?

What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?

Supply Chain Risk

Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?

Has the availability of raw materials tightened due to the coronavirus outbreak?

Over the past three years, what percentage of your revenue has been dedicated to labor?

How have fluctuations in input prices affected the prices of your products during the past three years?

How do you mitigate sudden price increases in raw materials?

When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?

How, if at all, has your supply chain been affected by import tariffs levied in 2018?

Regulation

How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?

How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?

What ongoing training procedures do you provide for your staff?

Have you ever been found to be noncompliant with regulatory frameworks?

Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Software Features

What data does your software track?

How does your software track employee information? Does it extract data from an external source or does new information need to be inputted manually?

Has your solution been studied through an audit process by a third-party legal firm to guarantee all ACA regulations are satisfied?

To what extent can this software plan and forecast ACA taxes and penalties?

What types of reports can this software help compile?

How frequently do you update your ACA compliance software?

Supplier Experience

How long has your company been in the market for ACA compliance software?

How many companies use your ACA compliance software?

What technical qualifications do your key staff have related to software development and other services you offer?

What other types of software do you sell?

What quality assurance practices do you use to test your software?

Client Base

What is your customer retention rate?

What is the average length of your customer relationships?

Have you had any major complaints from customers in the past? How did you respond?

How do you measure customer satisfaction? How do you use these measures to analyze and improve your processes?

Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle these changes in demand?

How has your software helped similar buyers operate efficiently during the pandemic?

Market Competition

How do you win and retain business?

How does your software differ from the software your competitors offer?

How is your company responding to increased demand for ACA compliance software?

How does the low concentration of the market affect your business practices?

Communication Practices

What types of training do you provide for users?

What types of ongoing support do you offer to your software clients?

How frequently do you communicate unsolicited with clients and through which channels?

What methods of contact do you have available in case I have any concerns or questions?

Supplier Risk

How does your company drive sales when the economy is growing?

What proportion of your revenue comes from sales of ACA compliance software?

How does your company respond to changes in ACA regulations?

Would the bankruptcy or revenue volatility of any of your key clients or suppliers adversely affect your operations?

How is your company's supply chain arranged? What methods do you use to minimize potential disruptions in your services due to supply chain risk?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify their budget for the software.

Buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report for assistance in creating a budget.

Selection Criteria

Buyers should evaluate potential suppliers based on their ability to meet the functional and technical requirements described in the RFP.

Buyers should evaluate potential suppliers based on their ability to provide a superior level of customer service, as evidenced by client references.

Buyers should evaluate potential suppliers based on their ability to provide regular enhancements and upgrades.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers need to include the date when proposals are due and when the award will be announced.

If on-site assistance is required, buyers should include the date by which the vendor must carry out this assistance.

Buyers should outline the terms of the contract and the cancellation policy.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Market vendors require a variety of goods and services to help support their operations, including computers, consulting services and data processing services. Buyers face a low level of risk from the ACA compliance software supply chain. Low supply chain risk creates financial stability for market suppliers, facilitating better negotiating conditions... Subscribe to learn more.

HIGH

MEDIUM

LOW