Kofax
$21,600–$76,912per year
Fast, fair, easy pricing. No sales call required.
Kofax
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How much does Kofax cost?
Median contract value
$22,709
Based on data from 3 purchases.per year
Median: $22,709
$21,600$76,912
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How does Kofax price and package their products?
View pricing on Kofax's website
Product:
Individual
$129Payment Terms: One-timePopular Features: PDF creation, editing, exporting
Negotiating with Kofax
Negotiation Tips
Presenting competition as an alternative has shown strong success in reducing costs. Ensure you communicate to Kofax that you are evaluating other vendors who have offered better deals. Highlight specific competitor names and the percentage discount offered. This tactic can help you secure better terms or price reductions.
If you can, emphasize that multi-year contracts are rare within your organization and that your finance team is focused on single-year agreements. This can help you secure a more favorable pricing structure for the initial deal.
If your contract involves onboarding a large number of users, communicate that you expect economies of scale that reduce costs as your user base grows. Ask for tiered pricing that reflects this growth.
Request to negotiate for waiving any overage fees based on expected growth in usage. Present your forecast of increased usage, explaining that this growth should reward you with better terms as you expand.
Communicate to Kofax that the ROI has not met expectations, which will lead you to seek month-to-month or shorter-term agreements. This tactic can foster flexibility and could help you negotiate a lower rate for an initial term.
Communicate the requirement from your finance team for any contract to remove auto-renewal language. This can provide the necessary leverage for negotiation and ensure you have the ability to renegotiate terms.
Considerations when buying Kofax
OwnershipTungsten Automation (formerly Kofax) is a private company.
Fiscal year endDecember 31
Best months to buyDecember, January, March
Payment TermsOne-time payment for licenses, Optional annual maintenance package for updates and support
Upgrades/downgradesKofax only offers upgrades for its services.
Redline thresholdRedline threshold estimate is $50k.
Additional Info
What is Kofax?
Kofax enables organizations to Work Like Tomorrow™—today. Our intelligent automation software platform and solutions digitally transform information-intensive business workflows. Customers realize faster time-to-value and increased competitiveness, growth and profitability by combining Kofax’s cognitive capture, RPA, process orchestration, analytics and mobile capabilities while increasing business resiliency and mitigating compliance risk.Kofax's 1 Product
Kofax
Kofax enables organizations to Work Like Tomorrow™—today. Our intelligent automation software platform and solutions digitally transform information-intensive business workflows. Customers realize faster time-to-value and increased competitiveness, growth and profitability by combining Kofax’s cognitive capture, RPA, process orchestration, analytics and mobile capabilities while increasing business resiliency and mitigating compliance risk.Security and compliance
DPA available
SOC2 attestation
Annual penetration tests
News that may impact Kofax pricing or negotiations
KMWorld Magazine
Kofax rebrands as Tungsten Automation to reflect its AI-powered workflow automation focusJanuary 19, 2024Channel Futures
Printer Maker Lexmark $1B Kofax Acquisition Doubles Enterprise Software BusinessDecember 11, 2023Business Wire
Kofax Named a Leader in Process OrchestrationNovember 21, 2023