Paymo Pricing Plans & Cost Guide (Jan 2023)
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| ITQlick Score: | 88/100 |
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| ITQlick Rating: |
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| Pricing: | 2.2/10 - low cost |
| Category: | Project Management -> Paymo review -> Paymo pricing |
| Ranking: | Ranked 43 out of 884 Project Management systems |
| Company: | Paymo |
| Pricing: | starts at $4.95 per user/month |
| Typical customers: | SMBs |
| Platforms: | Desktop, Mobile, Cloud |
| Links: | Paymo review, Paymo alternatives |
Shlomi Lavi / Jan 04, 2023We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .
Table of Contents
- Paymo cost in 2023
- Prices and Plans Compared
- Which Plan Is Right for You?
- Paymo Vs. alternatives (pricing)
- Cost of customizations
- Cost of data migration
- Cost of training
- Cost of maintenance
- Frequently Asked Questions (pricing)
- Veredict - Should you buy Paymo?
- Project Management software pricing guide
Paymo pricing: How much does it cost in 2024?
Paymo offers four pricing plans for its users: Free, Starter, Small Office, and Business. The cost of each plan is:
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Free: The Free plan costs around $0 per user per month.
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Starter: The Starter plan costs around $5.95 per user per month. If paid annually, the users have to pay $4.95 per user per month.
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Small Office: The Small Office plan costs around $11.95 per user per month. If paid annually, the users have to pay $10.95 per user per month.
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Business: The Business plan costs around $24.95 per user per month. If paid annually, the users have to pay $20.79 per user per month.
Prices and Plans Compared
The Free plan is for a maximum of 1 user along with 3 client users. The users can create multiple projects but only 50 tasks are allowed against each plan. Even though the Free plan offers a wide range of features, it does not allow users to integrate with third-party applications.
The Starter plan also allows only 1 user with unlimited client users. There is no limitation on the number of projects but users can create only 100 tasks. The users can integrate Paymo with third-party apps such as Jira. Moreover, users get 25 GB of storage. However, the Starter plan has real-time reports and timers for active time tracking.
The Small Office plan has no user limitations. The users can create unlimited tasks and time entries as required. The users can track their time using the active timer and hence, they can create live time reports. However, the Small Office plan does not allow users to schedule e employee workload and generate Gantt charts for complete planning.
The Enterprise plan also does not have any user or client limitations. The users get online remote assistance as well. Moreover, users can create schedules for employees along with employee leave management.
Compared to its competitor such as Asana, Paymo does not offer idea and issue management. Moreover, users can track expenses using Paymo, even though they can generate invoices and billing in all of their pricing plans but Asana does not allow it. Moreover, Asana allows integration with third-party applications in their Free plan, whereas Paymo allows integrations in all of its paid plans only.
Which Plan Is Right for You?
Paymo is a cloud-based project management tool with built-in invoicing and billing features. If your organization has multiple users then the Small Office and Enterprise plan is the right fit because the Starter and the Free plan allows a maximum of 1 user. However, there is no limit on the client users. Therefore, if you need a project management tool solely for client users, then opting for the Free plan and Starter plan can be the right choice.
If your organization is already using a project management tool that you want to integrate with Paymo, then opting for a Free plan will not be helpful. Moreover, if you have flows that have task dependencies then Paymo’s Enterprise plan is the only option. Regardless of the organization's size, Paymo can be opted for depending on the business requirements and the total number of users.
As compared to its competitors, the cost of Paymo lies in the lower pricing range in the project management software industry. Unlike Jira, Paymo does not require any third-party apps for document storage and management as each user gets approx. 5 GB (free plan) of storage.
Paymo vs. competitors (pricing)
|
Software |
Pricing |
Available Free Trial |
|
Paymo |
$4.95 to $20.79 per user/month |
15 days |
|
Asana |
$10 to $24.99 per user/month |
30 days |
|
Favro |
$10.2 to $25.5 per user/month |
14 days |
|
Trello |
$6 to $210 per user/month |
14 days |
|
Monday.com |
$24 to $48 per user/month |
14 days |
|
Click Up |
$5 to $19 per user/month |
N/A |
Cost of software customizations
Customizing the software to meet the specific needs of the organization can be a costly process, especially if the customization requires significant development or integration work. The average cost of customization can range from a few thousand dollars to several hundred thousand dollars, depending on the complexity of the customization work.
Data migration cost Relevant for Paymo
Migrating data from old systems to the new software can be a time-consuming and costly process, especially if the data is large or complex. The average cost of data migration can range from a few thousand dollars to several hundred thousand dollars, depending on the size and complexity of the data.
Cost of training
How many groups (different departments, usages, type of users) are needed for Paymo training? Training employees to use the new software can be a significant cost, especially if the software is complex or requires specialized knowledge. The average cost of training can range from a few hundred dollars to several thousand dollars per employee, depending on the complexity of the software and the duration of the training.
Cost of maintenance
Ongoing maintenance and support for the software can be a significant cost, especially if the software requires frequent updates or has a high rate of bugs or issues. The average cost of maintenance can range from a few hundred dollars to several thousand dollars per year, depending on the complexity of the software and the level of support required.
Frequently Asked Questions (FAQs)
Our Veredict
Paymo offers both free trial and free versions for the users so that they can check if Paymo fits their organizational requirements. Even though the free plan does not allow third-party integrations, the users can opt for a free trial to understand how Paymo integrations work for different tools such as Zapier, Jira, etc.
Paymo does not require you to pay any additional amount. The overall pricing is straightforward. The users can upgrade and downgrade to each plan and update users in each plan by simply upgrading their pricing plan.
Project Management Software Price Range
Project management products pricing are divided into three tiers. The prices range between $0 to $7, $7 to $10, and $10 upwards. In addition to this, the prices are set on a "per user, per month" basis or a bulk "per month" basis. However, it is worth noting that these price ranges are mostly for the lower offering found on each vendor website.
Enterprise plans on project management software have more robust features; thus, they cost more but are adjusted to suit each organization based on their number of employees; as a result, their prices are mostly made available upon request. For instance, Asana basic plan costs ₦11, Miro costs $10, and Toggl pricing falls around $8— all per user per month; but their prices for their enterprise plan quotes are not made available.
In addition, project management prices are set based on the size of an organization. Their ranges are as follows:
- Small Businesses can expect to pay around $5 per user for the basic plan of a project management software. However, small businesses with a very tiny workforce can get many project management products for free because they have free versions that allow between 2-5 employee sizes. Examples of these vendors offering free versions for a small employee size are Candy, Lumeer, and Quire. Some premium project management for small businesses are MetaTask, which starts at $6 per month, FreedCamp pricing starts at $1.50 per month, and Tracked for BaseCamp cost around $3 per month.
- Medium Businesses can expect to pay between $5 to $25 for project management software, depending on the package type and their number of employees. Todo.Vu costs around $9 per user, per month, Studio Organizer pricing starts at $19.50, and Lumeer costs around $8.
- Large Businesses can expect to pay less than medium-sized businesses for standard project management packages because their workforce is larger. However, prices for enterprise plans cost more. For example, Agile CRM costs around $80 per month, JotForm pricing is around $100 per month, and Kanbanchi $40 per month.
The price ranges for project management best of breeds are as follows:
- Collaboration Software Most of the collaboration tools in the market are priced per month and per user, and their pricings are usually divided into three tiers, which range from $0 to $4, $4 to $16, and $16 upward, respectively. However, these are the entry-level plans; premium and enterprise plans cost more depending on the vendors. An example is Pobuca Connect, which costs $2 monthly per user for its standard plan and $8 monthly per user for its enterprise plan. Others are Loop email, which costs at $8 monthly per user; HeySpace pricing starts at $4 monthly per user.
- Time Tracking Software Vendors of most time tracking software charge on a per user, per month basis, and the prices are divided into three tiers; they range from $0 to $3, $3 to $9, and $9 and above. Note that these are prices for the entry-level plans. For instance, Time Doctor pricing starts from $5 per month, TimeCamp pricing from around $6 per month, and Elorus costs up to $9 per month.
- Workflow Management Software Like other products related to project management, workflow management software are usually priced on a per-user, per-month basis, and the prices range from $0 to $13 and above. For example, Forms on Fire pricing starts from $20 monthly per user, Formstacks Form starts from $19 monthly, and KissFlow Digital Workplace from $360 per month for 30 users.
- Time & Expense Software Time and expense products in the market have pricings that range from $2 and $11 upwards, depending on the type of plan and number of users. Examples are EverHour, which starts from $5 monthly per user, Microsoft Dynamics GP costs for less than $1, and WorkTime Professional pricing starts from around $12 per month.
- Professional Services Automation Software Users can expect to be charged per month for most products in this category. The prices can be divided into three sections, and they range from $3 to $50 and above. For example, TigerPaw Software pricing is priced around $80 per user, per month, Business VoiceEdge costs around $30 per month, and Coaches Console pricing is around $150 per month.
Auditor - Shlomi Lavi
Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.