Shlomi Lavi /
Jul 25, 2022
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Bottom Line: Which is Better - COBRA Administration or PX3000?
COBRA Administration is more expensive to implement (TCO) than PX3000, and PX3000 is rated higher (90/100) than COBRA Administration (62/100).
Looking for the right Benefits Administration solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:
COBRA Solutions Vs. Penad Pension Services
COBRA Solutions: If you are looking for a COBRA administration software program that is easy to use and will ensure you are compliant with COBRA laws, then look no further. COBRA Solutions, the leader in Employee Benefits software, offers the #1 selling COBRA software in the industry. Our COBRA Administration Manager has sold over 13,000 units, making it the best s...
Penad Pension Services: Founded in 1983, Penad is Canada’s pension administration specialist and a leading supplier of pension and benefit software systems to employers, financial institutions, and governments around the world.
Penad takes care of the pension needs of plan sponsors across Canada and internationally with first-tier plan administration, consulting and ac...
Who is more expensive? COBRA Administration or PX3000?
The real total cost of ownership (TCO) of Benefits Administration software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for COBRA Administration and PX3000.
COBRA Administration price starts at $395 per license , On a scale between 1 to 10 COBRA Administration Manager is rated 6, which is similar to the average cost of Benefits Administration software. PX3000 accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 COBRA Administration Manager is rated 6, which is similar to the average cost of Benefits Administration software.
Bottom line: COBRA Administration cost is around the same cost of PX3000.
Which software includes more/better features?
We've compared COBRA Administration Vs. PX3000 based on some of the most important and required Benefits Administration features.
COBRA Administration: We are still working to collect the list of features for COBRA Administration.
PX3000: We are still working to collect the list of features for PX3000.
Target customer size
The software is a viable solution for small and medium businesses as well as large enterprises. and PX3000's target customer size include: Small, medium and large size businesses.