Brex
Brex Pricing
Brex, a leading platform for strategic finance teams, offers solutions such as corporate cards, expense management, reimbursements, bill pay, and travel. Its pricing varies based on headcounts and can range from $12,300 to $87,600 annually. For companies with a headcount of approximately 200, Brex contract prices may range from $12,300 to $27,000. As the company grows to a headcount of 1000, these prices approximately double to $22,200 to $48,700. Larger organizations with over 1001 headcounts may see contract prices between $40,000 and $87,600. These figures are estimates and final prices may be subject to negotiation.
Before choosing a specific plan, prospective customers are encouraged to connect with their Vendr representative or directly with the Brex team. This will ensure that the chosen solution meets their precise needs and they can benefit from an optimized pricing structure. On average, the time to close a deal with Brex is approximately 34 days, and customers can expect an average saving of 5.6%.
Brex Negotiation Insights
Inside the Vendr platform, you have access to key discount levers and commercial items for Brex.
Discount Lever
While negotiating your Brex software contract, exploit the opportunity to obtain volume discounts. Often, Brex offers reduced prices if your organization commits to a high volume of transactions.
Commercial Item
A key commercial item to be aware of is Brex's payment terms. Understand that you can negotiate for extended payment terms which could improve your cash flow.
To reveal more discount levers and commercial terms guiding your Brex contract negotiations, sign up for a free forever Vendr account today. With this, you'll gain access to a multitude of negotiation insights for Brex and dozens of other SaaS vendors. This gives your organization a crucial upper hand in negotiation proceedings, ensuring you land the best deal possible.
Community Insights for Brex
Here are some recent insights from our community on procuring Brex:
- "We were switching off a much more expensive competitor but Brex was still able to come down in pricing to accommodate budgetary constraints. They were also able to waive the Implementation fees given the switch. Brex is unable to do Net60 billing terms, remove auto-renew clause or add in price lock language. However, they were easily able to allow for quarterly billing & Net30 terms. Getting this done quickly was top of mind for the Brex team but they were very helpful in providing all necessary documents for Finance, Security & Legal approvals quickly." - Community Insight was posted 1 month ago.
Learn more about how to navigate pricing and contract negotiations with Brex by signing up for a free forever Vendr account. Also, you can gain additional insights such as the estimated time to implement Brex, what to expect for your renewal, and other discount levers that can be implemented if you're stuck during the negotiation process. Currently, there are multiple community insights available for Brex that could further assist you in making an informed decision.
Brex Overview
Brex is a forward-thinking finance company that provides holistic financial solutions to businesses of all sizes. It offers a range of products and services including corporate cards, expense management, reimbursements, bill pay, and travel services.
The Brex platform is designed to streamline business operations, making it easier for organizations to manage their expenses and finances. It's particularly popular among medium-sized companies, though its range of features make it applicable to businesses across the spectrum.
Compliance and Security
At Brex, compliance and security are at the forefront of their product design. Brex is fully compliant with the General Data Protection Regulation (GDPR), ensuring that your data is handled responsibly and securely.
Brex also meets SOC2 compliance, demonstrating their commitment to secure management of customer data and a robust level of internal controls.
With regards to authentication, Brex supports Multi-Factor Authentication (MFA) and Single Sign-On (SSO) capabilities. MFA provides an extra layer of security when accessing sensitive data or systems, while SSO makes it easier for users to manage and access applications securely.
In addition, Brex is dedicated to the protection of personally identifiable information (PII) and adheres to Data Protection Agreement (DPA) regulations, adding an additional layer of trust and security for their users.
With Brex, users can have confidence in a platform that prioritizes their data's security and their business's compliance demands.
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