OpenComp

What is OpenComp?

OpenComp is the only reliable compensation benchmarking tool for modern employers, from seed to pre-IPO. It helps organizations evolve their pay practices by providing accurate and actionable compensation data. Request a demo to see how OpenComp can transform your compensation strategy.

How much does OpenComp software cost?

Based on Vendr’s internal transaction data for OpenComp, the minimum price is $3,000, and the maximum price is $18,000. The average cost for OpenComp software is approximately $9,500 annually.

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Vendr community insights for OpenComp

Here are some recent insights from our community regarding OpenComp:

• "Business Edition Software Subscription - 200 employees. List Price: $10,000. Negotiated Price: $7,000. 30% discount for End of Quarter Incentive."

How can I get a percentage off list price for OpenComp?

We currently do not have average savings data for OpenComp. However, by leveraging our expertise from completing over 40,000 deals across 5,000 suppliers and $4B+ in software spend with an average savings of 11%, we will ensure you always pay the best and fairest price. Vendr customers typically get a lower price than what is currently listed on OpenComp's official website.

How does Vendr help me get the lowest price on OpenComp?

Vendr uses insights from more than 5 completed deals and 5 unique purchasers to help users get the lowest price on OpenComp software. Here’s how we do it:

• Economies of Scale: By bundling purchases, we secure lower prices.
• Expected Growth: We leverage your company's growth projections to negotiate better terms.
• End-of-Quarter Signatures: Timing purchases at the end of a supplier's quarter can yield savings.
• Multi-Year Commitments: Committing to longer terms can reduce costs.
• Case Study References: Offering to be a case study can result in price reductions.
• Quick Sales Process Signatures: Speeding up the sales process can lead to better deals.

Vendr can assist you in achieving similar savings. Create a free Vendr account to get started.

What's the best way for me to get the lowest price for OpenComp on my own?

Vendr's Premium Intelligence provides deeper community insights, pricing benchmarks, contract analysis, stack savings review, and SaaS experts on demand to put enterprise purchasing power into the hands of organizations that staff their own procurement teams. Here’s how:

• Pricing Benchmarks: Compare your costs against industry standards.
• Community Insights: Access real-world pricing and usage data from other companies.
• Stack Savings Review: Optimize your software stack to eliminate redundancies and reduce costs.
• Contract Analysis: Get expert reviews of your agreements to identify savings opportunities.
• SaaS Experts on Demand: Consult with procurement experts to navigate complex purchasing decisions.

Why do Department Heads prefer purchasing OpenComp through Vendr?

Vendr eliminates unnecessary sales calls, outdated channel partners, and long sales cycles. This paves the way for:

• Elimination of Unnecessary Sales Demos: Save time by skipping redundant presentations.
• Faster Access to Software: Get the tools you need without delay.
• Accelerated Time-to-Value: Start seeing benefits from your software investment sooner.
• Adherence to Company Policy: Ensure all purchases comply with internal guidelines.
• Budget Ownership: Maintain control over your department's spending.

This allows department heads to maximize software ROI and maintain strong relationships with their finance and procurement teams.