Skip to the content

Procurement Market Intelligence Report

Online Compliance Training Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Online Compliance Training?

What is the average price of Online Compliance Training?

This procurement report includes pricing information to help you purchase Online Compliance Training. 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 Online Compliance Training 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 Online Compliance Training 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 Online Compliance Training?

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 Online Compliance Training 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 Online Compliance Training?

Market share concentration in the online compliance training market is low, with the top four providers accounting for less than 30.0% of total revenue. ProcurementIQ estimates that there are currently about 350 online compliance training suppliers in the United States, and this number has been growing during the three years... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Technology

What improvements to your online compliance training are you currently planning? Do you have a calendar of future enhancements?

What new features have you added in the past year? What improvements do your customer's request most frequently?

How often do you perform maintenance? Will my service be disrupted during maintenance, and how much notice will be given of planned disruptions?

What is the size of your research and development budget?

Security

How often is client data and content backed up on your servers? What are your continuity processes for business interruption?

What encryption standards do you use for data storage and transmission? Has your clients' private data ever been compromised?

Who has access to my information, and how are changes to my solution securely managed and audited?

Where are your data centers located, and what security and contingency plans do you have in place?

Customer Support

What is your client renewal or repeat business rate? Why do companies renew their contracts with your business?

How do you evaluate client satisfaction, and how frequently?

How have you changed your service in response to client complaints and suggestions?

Do you have a step-by-step process for handling client issues or complaints? If so, what does that process look like?

“Sending out RFPs used to be a nightmare”

Let’s chat about how procurement market intelligence can reduce 
the time you spend issuing RFPs.

Key elements for every RFP

What should my Online Compliance Training RFP include?

Project Budget

Buyers should disclose the full value of the contract, if available.

Buyers should disclose their expectations for payment, including preferred methods and frequency.

Buyers should indicate whether they are willing to invest in additional hardware or software to use the online compliance training solution.

Buyers can reference the Benchmark Price section of this report to determine a competitive price for online compliance training.

Selection Criteria

Buyers should evaluate vendors based on the course selection that they provide.

Buyers should consider the customization options that vendors offer.

Buyers should evaluate the accessibility options of the online compliance training solution, including the variety of platforms on which it operates.

Buyers should consider the customer service and technical support provided by vendors.

For additional details about selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should include the date by which proposals must be submitted.

Buyers should state when the online compliance training courses will need to be available to employees.

Buyers should include the date by which vendors will be notified about contract awards.

Buyer should indicate when they expect the contract to end.

Evaluate major factors to mitigate risk

How risky is the Online Compliance Training supply chain?

The market for online compliance training has exhibited a low level of supply chain risk during the past three years. This level of risk boosts buyer power because it means that suppliers are unlikely to experience disruptions that increase their operating costs or prevent them from delivering services. Consequently, they... Subscribe to learn more.

HIGH

MEDIUM

LOW