In general, the price and pricing structure for idea management software will depend on how you wish to deploy it – that is, either on-premises or as Software as a Service (SaaS).
The former, available for a fixed payment, entails the software being deployed directly to your servers – ensuring full compliance with your IT department’s guidelines. It’s a great option if you want increased control over your platform without having to worry about connectivity or innovation management security.
The most common way of implementing Idea Management is SaaS – hosted externally on a secured cloud. It’s usually available for an annual license fee, however some vendors are able to accommodate time-limited projects. The advantages of SaaS is that it can be installed rapidly, allows upgrades to be completed easily on a regular basis, and is often more affordable than on-premises deployment. However, it affords less control in terms of IT compliance.
A range of factors can also influence the pricing for an innovation management platform. Separate costs can be incurred for additional configuration and integration requirements, the scale of your project, as well as any additional features or custom developments.