Learn about actual and potential costs
How much should I pay for Financial Analysis Software?
What is the average price of Financial Analysis Software?
This procurement report includes pricing information to help you purchase Financial Analysis 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 Financial Analysis 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 Financial Analysis 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 Financial Analysis 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 Financial Analysis 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 ?
An estimated 560 vendors operate in the US financial analysis software market in 2020. Market share concentration for financial analysis software is moderate due to the top four players (Microsoft, IBM, Oracle and SAP) accounting for around 35.0% of total market revenue. A moderate level of market share concentration means... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
What operating systems are compatible with your software?
What hardware will be required to run the software with optimal efficiency?
What other software programs are compatible with your software?
What difficulties have you had integrating your software with existing IT setups in the past? How have you overcome these challenges?
What other products enhance or complement your software?
What type of pricing model do you employ? Is this model standard or do you negotiate other pricing models?
How much network growth does your pricing model accommodate before the initial price is raised?
Are there any additional charges I should be aware of outside the cost of the software?
What factors could increase the initial price quote? What steps can be taken to ensure that the price does not increase?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased or reduced demand?
How do you approach R&D for financial analysis software?
What measures do you take to keep your product from becoming obsolete?
What types of changes to your financial analysis software do you anticipate during the next five years?
How often do you provide updates for your software? What do you charge for these software updates?
What new solutions have you introduced to address issues brought on by the coronavirus pandemic?
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Key elements for every RFP
What should my RFP include?
Buyers should specify any contract renewal terms, the number of expected accounting software users and level(s) of software access required.
Buyers should detail the contract term for annual ongoing costs (e.g. system support, upgrade and maintenance charges and license fees).
Buyers should consider vendors that offer software solutions that meet the requirements of the RFP.
Buyers should review the experience of vendors based on client references and the quality of their customer service.
Buyers should evaluate providers based on the estimated costs of the financial analysis software and services.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should provide the timeline of the RFP and project.
Buyers must include the date of when proposals are due and when the award information will be available.
Buyers should provide any other benchmark dates that suppliers will need to be aware of (e.g. deadline for identifying components requiring modification, training date for personnel, date the system needs to be fully operational).
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain risk for financial analysis software is low, which underpins buyer power by contributing to a more stable purchasing environment. Vendors of financial analysis software source inputs and services from a multitude of first tier upstream suppliers, including computer manufacturers, data processing and hosting service providers, intellectual property... Subscribe to learn more.