Navigating the pricing structure of a cloud-based Workers’ Compensation management solution can be daunting. But with Terra, we ensure that our pricing model is not only straightforward but also adaptable to your organization’s specific needs. Let’s dive into how Terra calculates pricing, ensuring transparency and scalability.
What Influences Terra’s Pricing?
Our pricing structure isn’t about fixed amounts; it’s about tailoring costs fit your unique requirements. Several key factors determine the pricing for Terra’s cloud solution:
- Number of Users: While some systems charge per user, Terra offers unlimited user access without extra costs. This means your entire team can use the platform without impacting your budget.
- Size of the Organization: Terra’s pricing scales with your needs, ensuring you only pay for what you use.
- Specific Feature Requirements: Depending on the complexity and number of features your organization needs, pricing can vary. Customizable features allow you to pay only for the functionalities that benefit you.
Innovative and Simple Pricing Model
Terra’s pricing is designed to be both innovative and straightforward:
- Per Claim, Per Policy, or Basis Points: We offer flexible pricing models based on what works best for your business. Whether it’s per claim, per policy, or basis points on premium, we work with you to find a model that aligns with your growth.
- All-Inclusive Fees: There are no separate charges for storage or cloud hosting. Everything is bundled into our fee, simplifying your budgeting process.
Pricing Tiers and Scalability
- Unlimited Users: Unlike many systems, Terra does not have price tiers based on the number of users. This provides flexibility and scalability.
- Volume-Based Pricing: We offer customized volume-based pricing to ensure cost-effectiveness for organizations with exceptionally high claims or policy volumes,. Predetermined starting prices make initial quoting simple and transparent.
Accommodating Growing Organizations
As your organization grows, Terra’s pricing adapts to your expanding needs:
- Flexible Contracts: Our contracts accommodate organizations transitioning from other software, ensuring you don’t pay double during the switch.
- Quarterly Billing: We bill quarterly instead of annually, reducing financial pressure and aligning with your operational budget cycles.
Upfront Costs and Implementation
- No Initial Fees: Terra does not charge licensing fees during the implementation process. Clients only pay once the system is live and they are satisfied.
- Implementation Costs: Typically, implementation costs are around the first year’s licensing fee. However, this cost is only due after successful implementation, ensuring a risk-free setup.
Transparent Subscription-Based Pricing
- Volume Utilization: Our subscription model is based on volume utilization, not the number of users or storage. This ensures that costs are tied to actual usage, providing transparency and predictability.
- Low Referral Fees: For ancillary service providers, a small per-referral fee covers connectivity and utilization of Terra Connect, without passing additional costs to our clients.
Additional Fees for Third-Party Integrations
While Terra Connect integrations are generally included, certain custom integrations with providers not already in our system may incur a one-time implementation fee. This ensures seamless connectivity without ongoing costs.
Ensuring Transparency and Predictability
Terra’s pricing model is designed for clarity:
- No Long-Term Contracts: Clients are not locked into long-term contracts, providing flexibility and freedom.
- Risk Free Implementation: We offer a risk-free implementation guarantee,and penalty-free cancellation, if the system does not meet expectations.
- Quarterly Licensing: We bill on a quarterly basis, which ensures that costs are manageable and align with your operational needs.
Customizable Plans
We work closely with clients to customize pricing based on required features and services, ensuring you only pay for what you need.
Attractive and Accessible Pricing
Compared to traditional on-premise systems and other cloud providers, Terra’s pricing is highly competitive. Our guaranteed implementation and flexible, transparent pricing make Terra an attractive choice for organizations of all sizes, providing access to a world-class claims and policy system Ready to learn more about Terra’s pricing and how it can benefit your organization? Book a demo for a detailed discussion and see how we can tailor our solution to meet your specific needs!
