Archer GRC (formerly RSA Archer) has a subscription-based model, with a 1-month license available for $12,057.
Understanding the cost of Governance, Risk, and Compliance (GRC) software like Archer involves more than just a single price point; it often depends on the scope of implementation, modules required, and the chosen subscription term.
GRC Software Pricing Overview
GRC platforms offer comprehensive solutions to manage an organization's overall governance, enterprise risk management, and corporate compliance. While specific pricing can vary based on features, user count, and customization, here's a general idea of costs for leading GRC tools, including Archer:
Comparative GRC Tool Costs
To provide a broader perspective on GRC software investment, here's a comparison of pricing models for several prominent solutions:
| GRC Tool | Pricing Model | Estimated Cost |
|---|---|---|
| Archer (formerly RSA Archer) | Subscription Basis (1-month license) | $12,057 per month |
| LogicManager | Enterprise Plan (annual) | Starts at $150,000 annually |
| Onspring | Per Year | Starts at $20,000 per year |
Note: These figures represent starting prices or specific license terms and may not include additional implementation, training, or support costs. For the most accurate pricing, it's always recommended to consult directly with the vendors.
Factors Influencing GRC Software Costs
Beyond the base license fee, several elements can influence the total cost of a GRC solution:
- Scope and Modules: The specific GRC areas an organization wishes to cover (e.g., risk management, compliance, audit, vendor management) will dictate the necessary modules, significantly impacting the price.
- User Count: Many GRC platforms price their services based on the number of users accessing the system.
- Deployment Model: Cloud-based (SaaS) solutions often have subscription fees, while on-premise deployments might involve higher upfront costs for infrastructure and licensing, alongside ongoing maintenance.
- Implementation Services: Setting up and configuring GRC software requires specialized expertise. Organizations might incur additional costs for professional services, data migration, and system integration.
- Training and Support: To ensure effective adoption, training for users and ongoing technical support packages can add to the overall investment.
- Customization and Integration: Tailoring the software to specific business processes or integrating it with existing enterprise systems (like ERP or HR platforms) can involve significant development costs.
Investing in a robust GRC solution like Archer can streamline operations, enhance decision-making, and reduce regulatory risks, making the investment a strategic move for organizational resilience and integrity. For more details on GRC pricing, you can refer to comprehensive guides available online.
