Benchmarks is available in our Spend Optimisation module.
The cost of software should be fair and transparent. Now Cledara helps you pay a fair price.
With Benchmarks, you can see how much you’re paying for a tool compared to other companies who use the same vendor. This allows you to know if you’re paying a fair price for your applications and provides you with tools to negotiate a better price.
How does this work?
Admins, Finance users and Application Owners can view Benchmarks for 100+ of the most popular tools.
We show you the 25th and 75th percentile of spend for that service to help you gauge where you are standing as well as how much you should be spending based on the size of your team:
Calculations are based either on actual spend, if we detect that your budget frequency accurately matches your actual payment cycle, or on the budget amount.
Additionally, to help you scale and project your spend in the future, you have the option to see benchmarks for different company sizes:
As we look to improve this feature and offer more in the procurement and negotiation space, please reach out to us with any feedback at support@cledara.com or through your Success Manager.