Thomson Reuters
Thomson Reuters Pricing
Thomson Reuters, an industry leader in the global information services sector, provides a range of pricing options for its technology solutions. These prices vary greatly based on the specific product or service chosen, as well as the level of customization and implementation scale required. While the supplier does not publicly list all of their prices, their well-known product, Eikon, is estimated to cost around $22,000 per user per year. Thomson Reuters also offers Reuters News Agency services, where prices can range from $200 up to more than $2,000 monthly, again depending on scale and exact requirements.
Compared to its market competitors like Bloomberg, Dow Jones, and FactSet, Thomson Reuters' pricing is competitive. The cost of Thomson Reuters's Eikon and Bloomberg's Terminal, both flagship products in financial market data, are comparable. However, the exact value that users get may differ subject to their specific use cases. It is essential for potential users to conduct a robust cost-benefit analysis, considering the full range of functionalities and integration options offered by these products in tandem with their costs.
Thomson Reuters Negotiation Insights
When negotiating your Thomson Reuters contract, there are several key aspects to keep in mind for optimal savings and value. Here are a few insights to guide you. Please note that these are only a fraction of the negotiation insights Vendr offers.
Discount Lever
Often, Thomson Reuters is open to offering discounted prices when clients commit to a longer contract term. By extending the length of your contract, Thomson Reuters may be more flexible with its pricing. Endeavour to project your usage and requirements for the foreseeable future and align that with your negotiation strategy.
Commercial Item
Thomson Reuters often negotiates based on bundle pricing. If you're planning to use multiple services from Thomson Reuters, consider negotiating a comprehensive bundle package instead of individual services. This approach might reduce the overall cost and yield better value for your investment.
To leverage more discount levers, commercial items, and comprehensive negotiation strategies for your Thomson Reuters contract, sign up for a free forever Vendr account. With our platform, you will benefit from a multitude of negotiation insights for Thomson Reuters and many other SaaS suppliers.
Community Insights for Thomson Reuters
Here are some recent insights from our community on negotiating and purchasing Thomson Reuters products:
- "Thomson Reuters will offer monthly payment terms even on longer-term agreements." - Community Insight was posted recently.
- "Uplifts for one-year agreements are usually proposed at a 10% uplift, but this is negotiable, and we were able to lower this to 7% at the time of our renewal." - Community Insight was posted 4 months ago.
Learn more about how to navigate the complexities of SaaS procurement by signing up for a free forever Vendr account. Also, you can gain additional insights such as the estimated time to implement Thomson Reuters, what to expect for your renewal, and other discount levers that can be implemented if you're stuck during the negotiation process. There are more community insights available for Thomson Reuters when you join Vendr.
Thomson Reuters Overview
Thomson Reuters is a Canadian multinational mass media and information firm. They are known for providing services covering a broad spectrum of professional sectors, including finance, governance, risk and compliance, as well as accounting and finance. Their renowned ONESOURCE platform is a comprehensive suite of tax and accounting technology that helps companies streamline data and process management in a singular ecosystem.
Compliance and Security
In terms of compliance and security, Thomson Reuters adheres to strict standards. They are fully compliant with General Data Protection Regulation (GDPR) ensuring all data handling processes align with the privacy expectations and rights of customers. Additionally, they maintain SOC2 compliance, which signifies robust measures for managing and safeguarding customer data.
Thomson Reuters takes data security a step further with the implementation of Multi-Factor Authentication (MFA) and Single Sign-On (SSO) capabilities. These features ensure secure access and minimize the risks associated with unauthorized access.
Furthermore, Thomson Reuters is dedicated to protecting Personally Identifiable Information (PII), complying with Data Protection Act (DPA) regulations. They have ISO27001 certification, displaying their commitment to meeting international standards of information security.
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