Cost Reduction Strategies for Betterworks Subscription

Betterworks offers Continuous Performance Management® programs to align, develop, and activate workforces for business growth. To optimize subscription costs while leveraging Betterworks’ solutions, consider the following strategies:

Minimum Estimated Potential Savings: 14%

Direct Cost Reduction Techniques

Optimize User Licenses

• Conduct regular audits of user licenses to identify and remove inactive users.
• Utilize permission sets to grant specific functionalities, reducing the need for full licenses for basic requirements.

Data Storage Management

• Implement data archiving practices to manage storage effectively.
• Utilize data validation rules to prevent unnecessary data entry, minimizing storage consumption.

Process Automation

• Automate manual tasks using workflow and approval processes to reduce dependency on additional licenses.

Exploring Workarounds for Cost Savings

Integrations with Free/Freemium Tools

• Leverage free or freemium tools like Zapier for task automation, reducing reliance on Betterworks’ paid features.
• Integrate with platforms like Slack for internal team communication, utilizing freemium offerings to reduce subscription costs.

Investigating Bundling Options

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

Negotiating with Betterworks Support

Contacting Customer Support for Discounts

• Engage with Betterworks’ 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 Betterworks

Exploring Alternative Solutions

While Betterworks offers tailored Continuous Performance Management® programs, exploring alternatives may provide cost-saving opportunities:

• Lattice: Lattice offers performance management software focusing on feedback, goals, and reviews to enhance employee engagement. Learn more about Lattice.
• 15Five: 15Five provides performance management software emphasizing continuous feedback, OKRs, and engagement surveys. Learn more about 15Five.
• Gtmhub: Gtmhub offers OKR (Objectives and Key Results) software designed to help organizations align and execute their strategies effectively. Learn more about Gtmhub.

Open-Source Solutions

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

By implementing these strategies and exploring alternative solutions, organizations can effectively manage and reduce their Betterworks subscription costs while enhancing workforce performance and alignment.