RE: SuccessFactors Cost

How much does it cost to purchase and implement SuccessFactors?What is the break-down cost of licenses, maintenance and support, installation, customization, data migration and training?

administrator Vice Professor Asked on July 3, 2024 in Human Resources.
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1 Answers

Software price

SuccessFactors offers different pricing plans depending on the size and needs of the business. The pricing starts at $8 per user per month for the Professional Plan, $10 per user per month for the Enterprise Plan, and $14 per user per month for the Enterprise Plus Plan. For larger enterprises or global companies, custom pricing is available.

Plans compared

The Professional Plan includes basic HR functionalities such as core HR and payroll. The Enterprise Plan offers additional features like talent management and workforce analytics. The Enterprise Plus Plan includes advanced features like advanced analytics and benchmarking tools.

Plans fit

The Professional Plan is best suited for small businesses or startups with basic HR needs. The Enterprise Plan is ideal for medium-sized businesses looking to streamline their HR processes. The Enterprise Plus Plan is designed for large enterprises or global companies that require advanced HR solutions.

Other costs

Implementation costs for SuccessFactors can vary depending on the complexity of the setup and the size of the business. On average, implementation costs can range from $5,000 to $50,000. Customization costs are also available and can range from $1,000 to $10,000. Training costs typically range from $500 to $2,000 per user.

One-time fees

SuccessFactors does not require specific hardware but may have additional costs for data migration or integration with existing systems. There are no significant one-time fees associated with the software.

Alternatives compared

Compared to alternatives such as Workday and BambooHR, SuccessFactors offers competitive pricing for its range of features. Workday starts at $100 per user per month, while BambooHR starts at $6.19 per user per month. Each of these alternatives offers a different set of features and integrations.

Verdict

SuccessFactors provides a cost-effective solution for businesses of all sizes, with scalable pricing plans to meet varying needs. Compared to its competitors, SuccessFactors offers a good balance of features and pricing, making it a solid choice for companies looking to enhance their HR processes. I would give SuccessFactors a pricing grade of 85 out of 100.

Vice Professor Answered on July 3, 2024.
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