Before we start evaluating software based on its pricing features, the first thing we do is check the type of pricing policies BPM software vendors offer, the most common of which are subscription-based plans and one-time fees.
When it comes to subscription-based pricing, users are charged a predetermined price for using their software, typically on a monthly or yearly basis. In contrast, a one-time fee or the option of purchasing a single license for using a business process management platform is a costly option that requires a significant upfront investment.
However, we also consider the fact that the BPM market is growing at a fast pace. For this reason, vendors that currently offer the best business process management software through a license-based pricing model might end up with an outdated product in a couple of years.
With this in mind, we often give a hike in rankings to vendors offering subscription-based pricing models. Plus, when it comes to recurring pricing models, businesses are under no obligation to stay with a particular vendor. If they don’t like the product, they can easily switch a BPM provider at no financial damage.
Moreover, we would like to clarify that we’re not out here to recommend cheap BPM software only. Instead, we go through all of this research to introduce you to software that provides the best value for money. In that sense, we are looking for prices that align with industry standards and anything much lower or higher than that won’t make it on our list.
Finally, software solutions that offer a free trial or a money-back guarantee get a hike in our rankings.