Drata comes at a competitive cost designed to meet the diverse budget requirements of businesses, both small and large. The annual pricing varies between clients due to differences in their unique use cases such as team size, security needs, and support requirements.
Clients can expect to pay in the ballpark of $10,000 to over $50,000 annually, depending on the specific package, add-ons, and services they opt for. These variations in pricing allow potential users to select a package that matches their security needs and budget constraints.
Secureframe is an emerging competitor in the compliance automation industry. With a focus on helping businesses achieve ISO 27001 and SOC 2 compliance, Secureframe offers key integrations with popular cloud providers and software solutions. The company provides continuous monitoring, policy templates, as well as vendor compliance management.
Vanta specializes in simplifying the complex process of SOC 2 compliance. Their automated security platform enables businesses to gain SOC 2 compliance quickly and efficiently. They offer real-time reporting, customizable controls, and seamless integration with existing tech stacks. Vanta is recognized for its user-friendly interface and quality customer service.
Drata Negotiation Insights
With Vendr's negotiation insights, you can get access to valuable levers and commercial items for Drata, along with comparisons to its competitors Secureframe, Vanta and many more.
A key discount lever for Drata is its annual plan. By opting for a yearly subscription instead of month-to-month, you can often secure a discount. Having this knowledge can help you negotiate a better deal.
A significant commercial item to be aware of when negotiating with Drata is its pricing model. Drata's pricing depends on the number of employees in your organization. This can be a negotiation point, especially if your organization's headcount fluctuates.
To unlock more discount levers and commercial strings, along with more in-depth comparison to its competitors, sign up for a free forever Vendr account.
Community Insights for Drata
Here are some recent insights from our customers who have interacted with Drata:
- "I purchased through Vendr+ and managed to secure a 16% discount along with a waived implementation fee for an 18-month commitment."
- "I strategically leveraged competition with Vanta and managed to knock off over $15k from the platform fee."
There are more insights available when you sign up for a free forever Vendr account, where you can get access to vital information like estimating the time required to implement Drata, what to expect during your renewal, and other discount levers that you can use if you get stuck during the negotiation process.
Remember, understanding the experiences and strategies of other buyers in your industry can provide you with the edge you need in your own negotiations. So sign up today and start unlocking these valuable insights.
Drata operates as a compliance and security automation platform that enables organizations to achieve and maintain continuous compliance without hassle. Primarily, their offering caters to maintaining SOC 2 and ISO 27001 compliance. However, it also extends its support to an array of other regulatory frameworks. These include HIPAA, GDPR, PCI DSS, CCPA, CCMC, ISO 27701, Microsoft SSPA, NIST 800-53, NIST CSF, FFIEC, and NIST 800-171.
A distinguishing aspect of Drata lies in its accessibility. Its client-focused design makes it feasible for companies to implement and replace within a timeline of 3 to 6 months and less than 3 months, respectively.
Through a series of platform updates and strategic partnerships, Drata continuously aims to evolve its offerings. Most notably, these include an ambitious automated GRC debut event called 'Drataverse' and securing the position of exclusive GRC partner and preferred compliance automation platform for KnowB4 customers.
Compliance and Security
When it comes to ensuring robust security and stringent compliance, Drata checks all the boxes. It is not mere speculation but a conclusion based on its alignment with GDPR and SOC2. But, the security prerogatives do not end here. The platform also showcases capabilities for Multi-Factor Authentication (MFA) and Single Sign-On (SSO), thereby enhancing user security access.
Likewise, the platform lends due consideration to the protection of Personal Identifiable Information (PII). Its compliance with Data Processing Agreement (DPA) regulations further reiterates this commitment. With such a holistic approach to security and compliance, organizations can hold their trust in Drata's offering.