How to Reduce Your Concord Subscription Cost

Concord is a free cloud-based contract lifecycle management solution that’s changing the way the world creates, negotiates, signs, and manages contracts. It provides unlimited e-signatures and storage for any number of users, along with features such as online collaboration, deadline alerts, and track changes. Users report faster signature acquisition, accelerated contract approvals and negotiations, and improved compliance. Concord aims to eliminate the need for manual contract management.

Minimum Estimated Potential Savings: 9%

How to Reduce the Cost of Concord Subscription

Direct Cost Reduction Techniques

Optimize User Licenses

• Audit User Licenses: Regularly review user licenses and remove inactive users to avoid unnecessary costs.
• Permission Sets: Use permission sets to grant specific functionalities instead of assigning full licenses for basic needs.

Data Storage Management

• Archive Old Data: Regularly archive outdated data to reduce storage consumption and associated costs.
• Data Validation Rules: Implement data validation rules to prevent unnecessary data entry that consumes storage.

Process Automation

• Workflow and Approval Processes: Utilize workflow and approval processes to automate manual tasks, reducing the need for additional licenses.

Implementing Workarounds to Reduce Subscription Costs

Integrations with Free/Freemium Tools

• Zapier: Explore using Zapier to automate tasks that might require additional licenses (e.g., basic data cleansing).
• Slack: Consider integrating with freemium tools like Slack for internal team communication and collaboration.

Bundling Options for Cost Savings

Pairing/Bundling for Discounts

• Partner Programs: Check if your company qualifies for partner discounts through partnerships with other software providers. For instance, some cloud storage services offer discounts when bundled with other services like Salesforce.

Negotiating with Support

Contact Customer Support for Discounts

• Discuss Usage Patterns: Engage with Concord support to discuss your current usage patterns. They might offer discounts based on your specific needs and historical data.
• Negotiate Renewal Rates: Before your subscription renews, negotiate renewal rates with support. Demonstrating loyalty and commitment to the platform can sometimes lead to better pricing.

Switching Subscription Types

Switching to Annual Subscriptions

• Annual Subscriptions: Consider switching to an annual subscription, which often comes with a discount compared to monthly billing.

Reducing Inactive Users

• Review User Activity: Regularly review user activity and remove inactive user licenses to optimize costs.

Alternatives to Concord

Exploring Alternative Solutions

While Concord offers robust features, exploring alternatives may provide cost-saving opportunities:

• DocuSign: DocuSign offers e-signature and contract lifecycle management solutions, allowing for secure and efficient contract management. Learn more about DocuSign.
• PandaDoc: PandaDoc provides document automation software that helps create, manage, and e-sign documents. It’s known for its ease of use and integration capabilities. Learn more about PandaDoc.
• Adobe Sign: Adobe Sign is a part of Adobe Document Cloud and provides a comprehensive solution for electronic signatures and contract management. Learn more about Adobe Sign.

Open-Source Solutions

• Open-Source Tools: Depending on your needs, explore open-source solutions that might offer similar functionalities at a lower cost. Utilize resources like “Opensource for Concord” to discover applicable tools.

By implementing these strategies, negotiating with support, and exploring alternative solutions, you can effectively manage and reduce your Concord subscription costs while maintaining access to essential features and functionalities.