Solver’s BI360 Cloud is a Corporate Performance Management (CPM) solution that provides mid-market businesses with budgeting, reporting, data warehouse, and dashboard functionality. BI360 is a popular business intelligence solution that uses the Excel interface and has historically been sold as on-premises software, with the option of subscribing to a web portal. However, as the market continues to shift more and more towards cloud-based financial software, Solver has recently released BI360 Cloud as a true cloud-based solution, in addition to continuing to offer BI360 as an on-premises option.
As well as changing the functionality to integrate much more smoothly with cloud-based enterprise resource planning (ERP) solutions, the pricing structure of BI360 Cloud has changed slightly to be sold using a software as a service (SaaS) model. This blog will explain the basics of how this new pricing structure works (as of autumn 2017), and give potential customers an idea of what it means for them.
What sort of factors affect the price of BI360 Cloud?
The pricing for on-premises BI360 includes a mixture of up-front costs and monthly costs, depending on the modules and the number of users a company needs. BI360 Cloud, on the other hand, is being sold mostly on a SaaS pricing structure. This means that there are fewer up-front costs and greater monthly fees. Just like other modular SaaS solutions, BI360’s pricing structure is designed to help your business pay for only the functionality that it needs, rather than paying a flat fee that includes unnecessary modules. The pricing is primarily based on the number and type of users, although for certain companies the cost of add-on modules may be a significant factor as well.
Price factor #1: Users
The primary cost factor affecting the price of BI360 Cloud will be the number and type of users your company desires. Currently, there are three different types of users. Power users have full administrative access to all of the software’s functionality. If your company only needs a few power users, BI360 cloud will be less expensive for you. On the other hand, there are bulk discounts for more users, so it’s worth discussing a quote from Solver or a BI360 reseller in order to see how your company might be able to meet its needs for users while keeping costs low.
There are also two types of end users. The first type, live reporting end users, can run their own reports as well as access executed reports. The second type, archive reporting end users, can access completed reports but cannot run their own reports. As you might imagine, power users are the most expensive, live reporting end users are less expensive, and archive reporting end users are the cheapest.
Price factor #2: Add-on modules
The secondary pricing factor for BI360 Cloud is the cost of add-on modules. The power user subscriptions automatically include access to all of the basic functionality in BI360 Cloud. This basic functionality includes simple data warehouse capabilities, report writing, budgeting, and dashboards. If a company wants certain other functionality, there is an additional cost per month. The add-on modules include: additional companies, advanced consolidations, additional data warehouse functionality, additional tenants, and extra cloud storage. Each of these options is explained in more detail below:
The basic subscription to BI360 Cloud includes one company, but if you have additional subsidiaries requiring consolidation there is a monthly cost per additional company.
If your company has complex consolidation needs such as currency conversions and automatic eliminations, you might want to purchase this add-on.
Additional data warehouse modules
The basic BI360 Cloud subscription includes two data warehouse modules: General Ledger, and General Ledger Detail. If you desire additional functionality within the data warehouse, other modules can be purchased in bundles of five.
An additional tenant might be needed for one of two reasons: 1) your company wants an additional sandbox testing environment, or 2) you want to isolate an environment completely with a separate administrator to administrate that specific environment. This might be useful to a small subset of CPA firms who have a client that wants the ability to administrate their own users.
Additional cloud storage
The basic subscription to BI360 Cloud includes five gigabytes (Gb) of cloud data storage. This add-on is priced for each additional five Gb of cloud storage that your company might need.
Price Factor #3: Other Extras
There are a few other small pricing factors that should be considered for the implementation of BI360 Cloud. First, do you need an integration to other cloud-based software? Connectors are available for ERP solutions including Acumatica, Microsoft Dynamics 365, Sage Intacct, Microsoft Dynamics NAV 2016, MYOB, and Salesforce, among others.
The basic subscription to BI360 includes a great support package. The standard support includes assistance from BI360’s customer support representatives and access to BI360’s Knowledgebase, as well as the ability to post and track technical support requests online, and receive telephone or Web-based support in response. If your company wants a guarantee of even faster response times (within three hours), it’s possible to subscribe to Premier Support.
Is BI360 Cloud right for your company?
The introduction of BI360 Cloud is another exciting step in the ongoing development of BI360. The SaaS pricing structure allows companies to subscribe only to those components of the software that they need. BI360 Cloud allows seamless integrations with cloud-based ERP systems, and it promises to be better than the already popular BI360 web portal. If you’re interested in learning more, feel free to contact our team at The Resource Group for help in determining whether BI360 Cloud might suit your company’s unique needs.