Retool
Retool Pricing
Retool offers several pricing tiers aimed at different user requirements and budget ranges. The Business tier costs $50 per month per standard user, plus $15 per month per end user. Retool provides a Free tier too which accommodates up to 5 users at no cost. The Team tier is priced at $10 per month per standard user with an additional $5 per month per end user. The cost for the Enterprise tier is flexible and can be negotiated directly with Retool. While the Enterprise tier is notably more expensive - around double the price of the Business tier, discounts can be obtained.
For organizations considering Retool, it's worth noting that the preferred method of payment is annual. However, semi-annual or quarterly payment terms might be considered with executive approval. Companies can expect to spend between $40,000 and $50,000 per year on average when purchasing Retool. The exact price within this range depends on several factors including the size of the workforce, with Retool's standard contract ranging from $28,800 to $40,900 for companies with 200 employees, $55,400 to $128,300 for those with up to 1,000 employees, and $93,000 to $181,100 for larger corporations with over 1,001 employees. Though it should also be noted that Retool estimates an average saving of 0.5% can be made on their software products.
Retool Negotiation Insights
Inside the Vendr platform, we provide valuable negotiation insights for Retool that can help you attain significant cost savings.
Discount lever
One discount lever for Retool that has been successful in the past is negotiating on the basis of prolonged commitment. By committing to a longer-term contract, customers can usually leverage a more attractive rate from the supplier.
Commercial Term
An important commercial term to consider when negotiating your Retool contracts is the "Limitation of Liability" clause. Ensuring that the supplier's liability in the event of service failure or breach is capped at a reasonable level provides a level of risk mitigation.
The world of SaaS negotiations can be complex, but with the right insights and professional guidance, you can ensure that you're getting the best possible deal. With many more insights available on the Vendr platform, sign up for a free forever Vendr account to get full access, and better arm yourself in your negotiation process with Retool.
Community Insights for Retool
Here are some recent insights from our community on purchasing Retool:
- "The team was able to get an additional 2.6% discount upon renewal for growth during term." - Community Insight was posted recently.
- "We were advised that Enterprise is around double the price of Business but they are open to discounting." - Community Insight was posted 3 months ago.
Learn more about how to leverage these insights by signing up for a free forever Vendr account. Also, you can gain additional insights such as the estimated time to implement Retool, what to expect for your renewal, and other discount levers that can be implemented if you're stuck during the negotiation process. There are currently 4 community insights available for Retool.
About Retool
Retool is a quick-to-build tool for creating custom internal solutions. This Low Code App Builder is classified under Engineering and is recognized as a Leader in its category. Its key function is to assist in the efficient creation of personalized internal tooling to handle the specific needs of a business operation.
Employed by companies with an average size of 600 employees, Retool provides the infrastructure that supports the rapid development of in-house applications. With a Vestimate Time to Close of 39 days and retention rate of 58.93%, Retool is a valuable addition for businesses looking to expedite their internal tool development process.
Compliance and Security
Retool takes data security and compliance seriously. The platform is fully compliant with GDPR, ensuring users' data is protected under European data protection laws. It also adheres to SOC2 standards, a requirement that guarantees that a company's information security measures are in line with the unique parameters and policies set by the organization.
To further strengthen its security framework, Retool offers Multi-Factor Authentication (MFA) capabilities. This additional layer of security helps prevent unauthorized access by requiring multiple layers of verification. Single Sign-On (SSO) capabilities are also provided, creating a centralized and secure user authentication process.
Furthermore, Retool adheres to PII and DPA regulations, giving users confidence that the software operates with a high level of respect for their personal information protection and data privacy rights. These rigorous security features and compliance measures ensure that Retool can provide a secure environment for the development of internal tools.
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