MathWorks

What is MathWorks?

MathWorks is a leading provider of mathematical computing software. Their flagship products, such as MATLAB and Polyspace, empower engineers and scientists to accelerate the pace of discovery, innovation, and development in various industries. MathWorks software is widely used in academia, automotive, aerospace, and other sectors to solve complex mathematical problems and develop sophisticated algorithms.

How much does MathWorks software cost?

Based on Vendr’s internal transaction data for MathWorks, the minimum price varies based on a company's specific needs. However, the maximum price can go up to around $8,000,000. Our data reveals that the average cost for MathWorks software is about $550,000 annually.

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MathWorks Product Descriptions

MATLAB

MATLAB is a high-level language and interactive environment for numerical computation, visualization, and programming. It allows users to analyze data, develop algorithms, and create models and applications, making it an essential tool for engineers and scientists.

Polyspace

Polyspace is a suite of tools for verifying and validating embedded software. It helps detect run-time errors, prove the absence of overflow, divide-by-zero, and other critical issues in code, ensuring the reliability and safety of embedded systems.

Other products include Simulink, Stateflow, and more.

Vendr community insights for MathWorks

Here are some recent insights from our community regarding MathWorks:

• "Leveraged an early signature to avoid uplift on the 12 month renewal."

How can I get a percentage off list price for MathWorks?

We currently do not have average savings data for MathWorks. However, by leveraging our expertise from completing over 40,000 deals across 5,000 suppliers and $4B+ in software spend with an average savings of 11%, we will ensure you always pay the best and fairest price. Vendr customers typically get a lower price than what is currently listed on MathWorks' official website by utilizing our extensive market insights and negotiation strategies.

How does Vendr help me get the lowest price on MathWorks?

Vendr uses insights from more than 14 unique purchasers and over 15 completed deals to help users get the lowest price on MathWorks software. Here’s how we do it:

• Economies of Scale: By bundling purchases, we achieve lower prices.
• Expected Growth: We leverage your company's growth projections to negotiate better terms.
• Multi-Year Commitments: Committing to longer terms often results in better pricing.
• Quick Sales Process Signatures: Speeding up the sales process can lead to favorable pricing.
• End-of-Quarter Signatures: Timing purchases at the end of a supplier’s quarter can yield significant savings.
• Case Study References: Offering to be a case study can sometimes result in price reductions.

Vendr can assist you in achieving similar savings. Create a free Vendr account to get started.

What's the best way for me to get the lowest price for MathWorks on my own?

Vendr's Premium Intelligence provides deeper community insights, pricing benchmarks, contract analysis, stack savings review, and SaaS experts on demand to put enterprise purchasing power into the hands of organizations that staff their own procurement teams.

• Pricing Benchmarks: Compare your pricing with industry standards to ensure you’re getting a fair deal.
• Community Insights: Access real-world experiences and strategies from other MathWorks users.
• Stack Savings Review: Optimize your software stack to eliminate redundancies and reduce costs.
• Contract Analysis: Get expert reviews of your contracts to identify potential savings.
• SaaS Experts on Demand: Consult with our experts to navigate complex purchasing decisions.

Why do Department Heads prefer purchasing MathWorks through Vendr?

Vendr eliminates unnecessary sales calls, outdated channel partners, and long sales cycles. This paves the way for:

• Faster Access to Software: Get the tools you need without delay.
• Accelerated Time-to-Value: Start realizing the benefits of your software investment sooner.
• Elimination of Unnecessary Sales Demos: Save time by skipping redundant presentations.
• Budget Ownership: Maintain control over your department’s spending.
• Adherence to Company Policy: Ensure all purchases comply with internal guidelines.

This translates into department heads maximizing software ROI and maintaining strong relationships with their finance and procurement teams.