Cost Reduction Strategies for Forethought Subscription

Forethought offers Agatha, an answer engine designed for enterprise knowledge management. To effectively reduce your Forethought subscription costs while leveraging its powerful features, consider the following strategies:

Minimum Estimated Potential Savings: 22%

Direct Cost Reduction Techniques

Optimize User Licenses

• Conduct regular audits of user licenses to identify and remove inactive users, optimizing license allocation.
• Utilize permission sets to grant specific functionalities instead of assigning full licenses for basic needs, reducing unnecessary costs.

Data Storage Management

• Archive outdated data to optimize data storage usage and minimize costs associated with excessive storage consumption.
• Implement data validation rules to prevent unnecessary data entry, further reducing storage requirements.

Process Automation

• Implement workflow and approval processes to automate manual tasks, reducing dependency on additional licenses and streamlining operations.

Exploring Workarounds for Cost Savings

Integrations with Free/Freemium Tools

• Explore free or freemium tools like Zapier for task automation, reducing reliance on additional Forethought licenses.
• Consider integrating with freemium tools such as Slack for internal team communication to potentially reduce subscription costs.

Investigating Bundling Options

Currently, no bundling options for Forethought subscriptions are identified. However, explore partner programs to potentially qualify for discounts through collaborations with other software providers.

Negotiating with Forethought Support

Contacting Customer Support for Discounts

• Engage with Forethought’s support team to discuss potential discounts based on your specific usage patterns and historical data.
• Negotiate renewal rates before subscription renewal to leverage loyalty for better pricing.

Considering Subscription Type Switches

Switching to Annual Subscriptions

• Evaluate transitioning to an annual subscription model, often accompanied by discounts compared to monthly billing.
• Regularly review user activity and remove inactive user licenses to optimize costs.

Exploring Alternatives to Forethought

Exploring Alternative Solutions

While Forethought offers advanced enterprise knowledge management capabilities, exploring alternatives may provide cost-saving opportunities:

• Re:infer: Re:infer offers a platform for extracting insights from unstructured data, including customer conversations and interactions. Learn more about Re:infer.
• Guru: Guru provides a knowledge management solution designed to empower teams with the information they need to do their jobs. Learn more about Guru.
• Yext: Yext offers a platform for managing digital knowledge, including business listings, reviews, and customer interactions. Learn more about Yext.

Open-Source Solutions

Explore open-source solutions that offer similar functionalities to Forethought at potentially lower costs. Utilize resources like “Opensource for Forethought” to discover applicable tools.

For customer support inquiries regarding Forethought, you can reach out to them at [email protected].