Drata
Drata Pricing
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.
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.
Discount Levers
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.
Commercial Items
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 shared by our community on procuring Drata:
- "Drata will discount for a 24-month commitment although we were able to push back and get that same discount (about 5%) for a 12-month contract as we feel like a lot of the automated monitoring was very surface level." - Community Insight was posted 1 month ago.
- "Was able to get an add-on for 30% off upon renewal by talking to the budget constraints and leveraging the need for this add-on to make effective use of our current scope. Drata was not able to meet our Net60 ask but was quick to offer Net45 instead." - Community Insight was posted 1 month ago.
Learn more about how to navigate the procurement process and secure the best terms for your organization by signing up for a free forever Vendr account. When you join, you'll unlock a treasure trove of insights, including the estimated time to implement Drata, what to expect for your renewal, and other discount levers that can be implemented if you're stuck during the negotiation process. Currently, there are a total of 4 community insights available for Drata.
Drata Overview
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.
Additional Resources
- Vendr's guide to the Best Compliance Management Software in 2024
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