elementum Pricing - why 6.6/10?

elementum Review
ITQlick Score: 91/100
ITQlick Rating: (4.4/5)
Pricing: 6.6/10 - high cost
Category: Supply Chain -> elementum -> elementum pricing
Ranking:Ranked 4 out of 228 Supply Chain systems
Company: elementum
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Mobile
Links: elementum review, elementum alternatives

Shlomi LaviShlomi Lavi / May 06, 2021

We publish unbiased reviews, our opinions are our own and are not influenced by payments from advertisers. Learn more in our advertiser disclosure.

What is elementum's cost rating? (6.6/10)

When comparing elementum to their competitors, on a scale between 1 to 10 elementum is rated 6.6, which is more expensive than the average Supply Chain software cost. elementum offers few flexible plans to their customers, read the article below in order to calculate the total cost of ownership (TCO) which includes: customization, data migration, training, hardware, maintenance, updgrades, and more.

You can also leave your info with us to get a free custom quote with the break downs for your business needs.

Supply Chain Management Software

The typical starting price range for Supply chain management software is between $0 to more than $1000 a month. Most vendors offer tiered subscription plans which might also include extra services and features. The price analysis of Supply Chain Management software products based on the size of the business is as follows:

  • Small companies can expect to pay between $0 and $200 for a Supply Chain software unit. For example, FreightPOP begins at $199 a month, Determine Contract Lifecycle Management at $3 a month, and Agiliron charges $99 monthly. ContraxAware also pricing starts at $59 a month for each user, ShipperEdge pricing goes for $199 monthly and Rose Rocket charges $69 monthly for its base subscription. CoreIMS at $50 a month and Symfact plans costs up to $59 a month.
  • Supply Chain Management software for Medium-sized Businesses have base subscriptions which cost up to $625 a month. For example, GoFrugal POS pricing starts at $375 a month, with a standard plan which costs $625 per month. Infoplus pricing goes for $379 per month.
  • Large Organisations can expect to start to pay up to $1000 for a Supply Chain software. For instance, Oracle Netsuite charges $999 for its base license, Logistically costs $300 monthly for its base plan, and NorthStar WMS pricing starts at $600.

There are some of the best breeds regarding Supply Chain Management software, and they have their price ranges for users who might be considering a specific Supply Chain software product.

The price ranges are as follows:

  • Warehousing Management Software Users can expect to pay up to $49 monthly for Warehousing Management Software. For example, EZOfficeInventory pricing starts at $35 a month, Zoho Inventory cost price begins at $49 per month and Handifox Online for $39 per month. Other vendors charge a one-time licensing fee as well; RetailOps, for example, goes for $2500, and FishBowl Inventory has a starting price of $4395.
  • Transportation Management Software Users can expect to pay up to $1500 a month for transportation Management software products. Some other vendors would offer one-time licensing, which could cost up to $20,000. For example, Trucker Helper pricing plan starts at $30 a month, Husky Intelligence costs up to $29 per month, and Viewpoint Logistics pricing goes for $1500 monthly. Furthermore, TMWSuite charges $20,000 one-time licensing, EnVision costs $3500 and Nova Transportation Solutions goes for $200 a month.
  • Contract Lifecycle Management Software This software subcategory pricing ranges is $19 - $1050 monthly. PandaDoc, for example, starts at $19 a month, Gatekeeper pricing starts at $450 per month, and MochaDocs pricing goes up to $44 monthly for each manager. Agiloft begins at $45 per month for its hosted services and $1050 per user for the software.
  • Demand Planning Software Software in this subcategory can cost up to $750 a month. For context, SkuBrain starts at $150 monthly, Skulocity pricing begins at $495 a month and PlanetTogether costs about $250. However, Some vendors charge a one-time licensing fee; an example is Demand Works Smoothie, which charges $5000.Also, StockIQ has its subscription plan at $750 a month.
  • Dropshipping Software Dropshipping Software has a price range of $19-$525 per month. For instance, EcomDash pricing starts at $60 a month, with other plans running up to $350 a month. Solid Commerce begins at $450 monthly, the Pro plan for SellerCloud goes for $525 a month, and Spocket pricing starts at $19 per month.
  • Freight Broker Software Freight Broker Software Users can expect to pay $69-$4000 a month for this product. For illustration, Descartes Aljex costs $290 per month, AscendTMS pricing goes for $69 per month, and 3G-TM pricing plan starts at $4000 monthly. Lastly, DAT Broker TMS pricing begins at $100 per month, and Dr Dispatch cost price goes for $99 a month.
  • Order Entry Software This subcategory has products that cost between $85 and $850 a month. For example, TotalETO pricing starts at $85 a month, SYSPRO at $199 per month and Epicor E10 ERP at $175. Also, Bizowie Cloud ERP costs $850 per month. Other vendors charge a perpetual licensing fee as well. Active ERP costs a one-time charge of $6000 per user.

What is the cost breakdown of Supply Chain implementation?

When it comes to selecting Supply Chain tools, buyers are primarily concerned about its cost. In fact, it is the cost that determines whether a potential buyer would go with the product. True, there is no one-size-fits-all formula to determine the “worth” of a business application, but as a software buyer, you want to make sure you get the best value for your money, without having to dig a big hole in your pocket.

Understanding the exact price of Supply Chain system isn't easy as The overall cost of software includes the cost of license, subscription fees, training, customization, hardware, maintenance, support and other related services. It's essential to take into account all of these costs to gain an understanding of the system's "total cost of ownership."

What are the typical Supply Chain pricing models?

There are primarily three common pricing models – Perpetual License, Subscription, and Commercial open source.

  • Subscription/Software-As-A-Service: - Not relevant for elementum
    Under this pricing model, the system is accessed over the Internet, as opposed to installed on-premises. The payment is made either on a per user basis or subscription basis. Ideally, customers are required to pay a recurring monthly fee until a specific period for using the tool. Subscription pricing model is more common with Software-as-a-Service (SaaS) apps.
  • Upfront cost for customization and integration is less compared to perpetual license cost because there is not much flexibility with SaaS systems in this area.
  • Recurring cost is greater as customers are required to make monthly payments as subscription fee. Additionally customers using premium support services must pay an extra fee.
  • All in all, the total cost of ownership in the both cases is almost the same and may span over a period of 7-10 years, though you may have to pay a higher perpetual license fee upfront. The total cost may vary from starter to mid range to enterprise level apps in both cases.
  • Perpetual license: - Relevant for elementum
    A common pricing model for on-premise applications, perpetual license requires a customer to pay an upfront sum to own the tool or other intellectual property on-premises for a fixed term.
  • Upfront cost involves the fee for installation, customization, integration with existing systems, besides perpetual license fee.
  • Recurring cost is low in this pricing model and may include cost for updates, maintenance, upgrades, and patches. Some vendors do offer premium support services, which come for an extra price.
  • Commercial open source: Not relevant for elementum
    The customer can acquire the system free of cost without having to incur any upfront license fee. As a customer, you’re solely responsible for the ongoing maintenance, upgrading, customization, and troubleshooting of the application to meet your specific needs. You are on your own for providing end-user support, since you are not locked in with a vendor-supplied system solution.

How much it would cost to customize elementum? (and is it relevant)

If you need specific features in your system catering to your specific business requirements, the vendor will charge customization cost, depending on your needs and feature requirement. Ideally customization cost is more complex to calculate compared to licensing cost.

Some apps allow you to easily combine data from multiple sources, without any complicated query requirements, while some others can be embedded into different applications to provide enhanced reporting. If you seek products that support customizable dashboards and predictive analysis to identity possible trends and facilitate decision making, you may have to pay higher for all the customization features.

Additionally, the following factors may affect the cost of customization:
  • User interface changes
  • Configurable dashboards
  • Data elements required for tracking
  • Forms to collect additional data
  • Dashboard, management and operational reports that are needed.
  • Workflows and how complex they are.
  • Forms to collect additional data.
Here are some questions to answer: How much customization is needed? How many system you want to integrate to? Does your company work like industry standars or has it's own customize processes? What kind of special reports are needed?

In order to calculate the cost of customization you can use the following estimates:

  • Minimal customization - integrate with 1-2 systems: $2,500
  • Standard customization - integrate with 3-5 systems: $10,000
  • Fully customized system - integrate with more than 5 systems: $25,000

Cost of data migration when migrating to elementum? Relevant for elementum

Most companies opt for data migration services from a vendor, which raises the cost of product ownership. If you choose to transfer data on your own, you can avoid paying the cost of data migration.
Data migration cost depends on the amount of data to be transferred, your current software, availability of migration tools, complexity of data, and gaps between the existing system and the new system.

If your data is stored in excel spreadsheets, then it may incur you a lot of time and money to migrate data from excel.
By involving a business services provider in data migration, you are asking them to offer additional services, for which you may have to pay extra.

As a rule of thumb the cost of data migration depents on how many records you want to migrate. Records can include number of Customers, invoices, financial transactions, products, versions, etc. Here is a list you can use as a rule of thumb:

  • 1,000 records: $500
  • 10,000 records: $2,500
  • 100,000 records: $10,000
  • 1,000,000+ records: $25,000

What is the cost of training for elementum? Relevant for elementum

As a buyer, you are required to pay extra for in-person training, though some vendors offer web-based solutions as part of the package. the cost may involve end-user training, video/self, group, department, and train the super users.

The cost is mainly derived from the approach that you select for your organization:
  • End-user training
  • Group/Department
  • Video /self
  • Train the trainer/super user

Here are some questions to answer: How many groups (different departments, usages, type of users) are needed?

In order to calculate the cost you can use the following estimates:

  • 1-2 Sessions: $500
  • 3-4 Sessions: $1,500
  • 5-7 Sessions: $2,500
  • 8-10 Sessions: $5,000

How elementum pricing compared to alternarive Supply Chain solutions?

When comparing elementum to alternative systems, on a scale between 1 to 10 elementum is rated 6.6, which is more expensive than the average Supply Chain cost.
The two main competitors of Elementum software include Basware and Tradogram. Basware software is a cloud-hosted Procurement Software that is intended to companies purchase and pay for products and services through a paperless system whereas Elementum software is a cloud-hosted supply chain orchestration platform that assists businesses with customer orders, suppliers and logistics among others.

Both Basware and Elementum software solutions support Windows, Android, iPhone/iPad, Mac, and Web-based platforms. Whereas Elementum software is designed by elementum Company, Basware is a product by Basware Company. In terms of company sizes, both solutions are suitable for use in any size of a company.

Tradogram software is a cloud-hosted procurement management platform that offers an integrated suite of supplier management, contract management, and purchase-to-pay while Elementum software is a cloud-hosted supply chain orchestration platform that assists businesses with customer orders, product availability, suppliers, and more.

Both Tradogram and Elementum solutions are ideal to service small, medium and large-market businesses. Tradogram software is a product of Platinum Integrated Business Connections but in comparison, Elementum is built and sold by Elementum Company.

How can the team at ITQlick help?

The science of TCO (total cost of ownership) may not be easy to calculate. If you seek to get a detailed info about the TCO, get in touch with ITQlick experts. Contact us today and get up to date, detailed quotes.

Author

Shlomi Lavi

Website Linkedin Facebook Twitter

Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.