neubrain analytics Pricing Guide (Jul 2020)

Get FREE Price Quotes on Budgeting & CPM Software

Last updated: Jul 14, 2020

neubrain analytics Pricing

ITQlick rating
(3.8/5)

Neubrain is cloud-based budgeting and performance management solution which is designed for large and midsize enterprises as well as the government institutions. The primary features includes budgeting, financ...

  • Categories :

    • Budgeting & CPM
    • Business Intelligence
    • Business performance management

neubrain analytics Pricing - The Ultimate Guide

Shlomi Lavi / Jul 14, 2020

neubrain analytics Total Cost Rating: (4/10)

When comparing neubrain analytics to their competitors, on a scale between 1 to 10 neubrain analytics is rated 4, which is lower than the average Budgeting & CPM software cost. neubrain analytics are offering 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, maintnance, 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.

Budgeting & CPM Software Price Ranges

Organizations of varying sizes would typically have to pay between $9 and more than $144 for base subscriptions of Budgeting & CPM software. Also, the software vendors might include some additional charges for features like asset planning, document versioning, and forecasting.

However, there are some open-source and free Budgeting and CPM Software available. For example, MoneyMinder has a free entry subscription and an upgraded “Pro” version, which costs $159 per year. MyGide Starter Kit is free with tiered upgrade options, and Cash Flow Frog offers free versions, with upgrades costing up to $45 a month.

  • Web-based Budgeting & CPM solutions typically cost between $12 and $1000 per month. For instance, Float Cash Flow Forecasting pricing goes for $69 a month, and JD Edwards EnterpriseOne costs up to $999 a month. Dryrun “Essentials” version costs $59 per month, while its “Advanced” version goes for $99 a month. Also, Poindexter “Basic” pricing plan begins at $12, going up to $38.
  • macOS users can expect to pay up to $20,000 for B/CPM service bundles. For context, Quantrix pricing costs $2,450 a year for its “Modeler” subscription, Jirav goes for $100 a month, and XLReporting for $199 per month. Also, Neubrain Budgeting has a one-time license fee of $10,000.
  • Windows-based CPM software has a price range of $30-$7000. ClearPoint Strategy costs $250 a month for its Basic subscription plan, Calumo pricing is around $30 a month, and Solver goes for up to $6,888 a year. Budgyt pricing also starts at $199 for its “Easy” model, $399 for its “Plus” model, and $699 for its “Pro” Model.
  • Small BusinessBudgeting and CPM software for small businesses have an average price range of $19-$260. For instance, Castaway costs around $133 a month, with a “Flexi” plan, which goes for $259 a month. A2X for Amazon goes for $19 a month, and ProjectionHub pricing sits around $25 a month.
  • Android platform CPM software that is deployable on the Android platform can cost up to $1000. FINSYNC base service goes for $45 per month, while Six Degrees Planning costs a one-time charge of $1000. Accounting Power goes for $120 a month ($1,195 a year), and Striven starts at $20 per user, with an additional $99 hosting charge per month.

Budgeting & CPM Total Cost Breakdown

When it comes to selecting Budgeting & CPM software product, 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 software product, 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 Budgeting & CPM Software isn't easy as The overall cost of software includes the cost of software license, subscription fees, software training cost, customization cost, required hardware, and the cost of maintenance & support and other related services. It's critical that you account for all of these costs to gain an understanding of the system's "total cost of ownership."

3 Software Pricing Models

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

  • Subscription/Software-As-A-Service: - Relevant for neubrain analytics
    Under this software pricing model, the software 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 software. 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 software cost may vary from starter to mid range to enterprise level apps in both cases.
  • Perpetual license: - Relevant for neubrain analytics
    A common pricing model for on-premise applications, perpetual license requires a customer to pay an upfront sum to own the software 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 neubrain analytics
    The customer can acquire the software 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 software solution.

neubrain analytics - cost of customization:

If you need specific features in your software 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

neubrain analytics - cost of data migration: Relevant for neubrain analytics

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 software 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

neubrain analytics - cost of training: Relevant for neubrain analytics

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

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

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

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

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

Cost of Hardware & IT: - Relevant for neubrain analytics

This can be a major expense for on-premise software buyers that need their own servers and other infrastructure to install the solution. This may be a costlier alternative than cloud solutions. In that case, you may want to go with cloud services that do not involve infrastructural investments and you can rely on the vendor’s web-based solutions.

Software pricing may also depend on software capabilities, including marketing automation, sales automation, help desk, and call center.

Cost of support for neubrain analytics - An Important Factor:

As a customer investing in a software product, you are looking for constant support, besides the price of the software. Support has become a crucial part of value-based pricing that you are willing to pay as a customer.

There is no use buying a software product and facing inconvenience due to some technical glitches that you know nothing about and are reliant on the vendor to give you a solution. It is crucial that you go for a product from a vendor that provides solutions to ongoing problems.

Shift From Licensing Fee to Subscription Fee Models: - Relevant for neubrain analytics

In an effort to build more sustained relationships with customers, most software vendors have chosen to offer the managed services model to accommodate changing customer behavior. There has been a significant drop in licensing revenue, thanks to the emergence of software-as-a-service model and downfall of the packaged software.

The new pricing model requires customers to pay little upfront fee and ongoing subscription fee on a monthly basis. The alternate pricing model stretches payments over a period of few years compared to lump-sum licensing fee.

Customers are happy to pay small monthly installments for subscribing to the ongoing support and maintenance services from vendors, without having to pay large upfront payment which can be too much for small businesses.

Compare neubrain analytics pricing to Alternarive Budgeting & CPM solutions:

When comparing neubrain analytics to their competitors, on a scale between 1 to 10 neubrain analytics is rated 4, which is lower than the average Budgeting & CPM software cost. The two main competitors of Neubrain Budgeting include GIDE Financial Modelling Suite and Budgeta. Similarly to Neubrain Budgeting, GIDE Financial Modelling Suite is a cloud-based budgeting solution. Neubrain Budgeting is a product of Neubrain which was founded in 2003 and based in the United States and on the other hand GIDE Financial Modelling Suite is a product of GIDE International which was founded in 2009 and based in the United Kingdom.

GIDE offers support online and during the business hours whereas Neubrain offers support online, during the business hours and via a 24/7 live rep. Both GIDE and Neubrain offers training via documentation, webinars, live online and in-person.

Both Budgeta and Neubrain are cloud-based budgeting solution. Neubrain Budgeting is a product of Neubrain which was founded in 2003 and based in the United States whereas Budgeta is a product of Budgeta which was founded in 2014 and based in the United States.

Budgeta support is online, unlike Neubrain that offers support online, during the business hours and via a 24/7 live rep. Neubrain offers training via documentation, webinars, live online and in-person whereas Budgeta offers training via documentation and live online.

How Can We Help?

The science of software cost/pricing may not be easy to understand. If you seek to understand software pricing model, get in touch with ITQlick experts. Contact us today and find solutions to all your questions. We will match software vendors that offer the best pricing on technology that fits your needs.