BambooHR
BambooHR Pricing
BambooHR offers highly competitive and flexible pricing options that adapt to the specific needs and size of your company. For a headcount of 200, the pricing ranges between $12,500 and $24,700. When the headcount increases to 1,000, the pricing jumps to a range between $22,600 and $43,100. If the headcount exceeds 1,000, BambooHR provides an expanded pricing plan from $40,700 to $77,600. It is important to note that these figures represent a broad estimate, and actual prices may vary based on specific contract negotiations and business requirements.
For companies looking for economical alternatives, BambooHR offers exclusive discounts for prepayment. Clients making a prepayment for a year get a 5% discount, while a two-year and a three-year prepayment would result in a 7.5% and a 10% discount respectively. Furthermore, BambooHR has a unique month-to-month agreement system, offering more flexibility and control over your SaaS expenditure. They also provide additional incentives at certain user thresholds and when companies add funds into an account for auto-drafted invoices.
BambooHR Negotiation Insights
In the competitive HR software market, having robust negotiation insights can empower you to make strategic decisions. Here are some negotiation insights tailored for BambooHR that you might find useful:
Discount Lever
BambooHR often has room for negotiation, especially when you are switching from a competitor. Highlighting competitive offers from Back Technologies, WebHR, or ZingHR might provide you with a greater discount opportunity.
Commercial Item
You can push for volume-based pricing, as BambooHR is known to offer discounts for companies purchasing licenses in higher quantities.
To unlock more discount levers and commercial items useful in negotiating your BambooHR contracts, sign up for a free forever Vendr account. We have even more BambooHR-specific negotiation insights available on our platform.
Community Insights for BambooHR
Gathering insights from our community can be incredibly valuable when considering BambooHR for your organization's HR needs. Here are the two most recent insights shared by users:
- "BambooHR sent notice of their price changes back in June to state that everyone was being moved to their standard pricing. However, we were able to maintain a 5% pre-payment discount for paying the 12 months upfront, along with an additional 9% discount." - Community Insight was posted 2 months ago.
- "Advantage and Performance Management Sku's have license specific economies of scale pricing. Additionally, we were able to get a 65% discount on implementation on a new purchase when leveraging competition and involving Bamboo's executive team." - Community Insight was posted 3 months ago.
If you're looking for more detailed insights, such as the estimated time to implement BambooHR, what to expect for your renewal, and other discount levers that can be implemented if you're stuck during the negotiation process, we encourage you to sign up for a free forever Vendr account. By joining, you'll gain access to a wealth of knowledge, including a total of 5 community insights available for BambooHR, to help you make the most informed decisions for your SaaS procurement.
BambooHR Overview
BambooHR is a leading Human Resource Information System (HRIS) that acts as an all-in-one solution for small to medium-sized businesses. Its comprehensive feature set covers everything from hiring and onboarding to employee management, time tracking, and performance management. BambooHR also offers an intuitive user interface to simplify and automate HR tasks, helping businesses spend less time on paperwork and more time on meaningful work.
With robust analytics and reporting capabilities, BambooHR provides insights into your organization's workforce, empowering decision-makers with valuable data driving strategic HR initiatives. Key features include applicant tracking, employee self-service, time-off tracking, employee database and records, plus much more.
Compliance and Security
In terms of compliance and security, BambooHR demonstrates a solid commitment. It complies with the General Data Protection Regulation (GDPR), providing users in the European Union with control over their personal data. This compliance means that BambooHR adheres to principles such as data minimization and purpose limitation.
Additionally, BambooHR has achieved SOC2 Type II certification. SOC2 reports assure that BambooHR has strong security measures in place to protect user data, ensuring the confidentiality, integrity, and availability of your sensitive HR records.
BambooHR supports both Multi-Factor Authentication (MFA) and Single Sign-On (SSO) capabilities. Through MFA, BambooHR adds an extra level of security by requiring users to authenticate their identities via multiple methods – something they know (like a password) and something they have (like a mobile device). With SSO, users can log into BambooHR using a single set of credentials, boosting productivity while maintaining secure access.
Regarding Personal Identifiable Information (PII) and Data Processing Agreements (DPA), BambooHR is committed to observing all regulations. It secures sensitive personal data throughout their system, ensuring the privacy and confidentiality of PII according to regulations. Furthermore, their DPA exhibits a strong commitment to lawful data processing, providing additional assurance of their commitment to data privacy and security.
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