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Mavenlink Pricing: Is it Worth the Cost?

Mavenlink is the only project management software created particularly for professional services firms. This article aims to help you decide whether its pricing is worth your money or not.

Mavenlink Pricing: Is it Worth the Cost?

This article is a continuation of our pricing series where we expand in-depth about a product's features, and whether it is worth what is being charged. Today we will be exploring what Mavenlink brings to the table.

Mavenlink is a system that allows you to automate your business processes. It’s a tool designed particularly for smaller businesses with fewer staff so that they can manage operations such as billing, scheduling, and meetings, etc. without relying too much on paperwork.

Better business results are a reality thanks to their game-changing, resource-centric approach. You can grow and intelligently deploy teams in real-time with Mavenlink, adjust to changing business realities, and empower your people to make better decisions.

Professional Services Automation is taken to the next level with Mavenlink. Providing you with cutting-edge capabilities that will transform your company.

Mavenlink is the only project management software created particularly for professional services firms. Create a solid foundation for success by using resources that are tailored to your specific needs.

  1. Intuitive Tools:

You've assembled the ideal team and the concept. Now, use powerful tools and a next-level project management solution to bring it all together. It's the difference between meeting and exceeding your objectives.

2. Get a Complete View of What's Happening

You can evaluate your entire project portfolio at once or dive down to individual tasks. You can make better decisions when all of the information is in one place:

· Any task or deliverable's status can be checked

· Gantt charts provide real-time information

· Prioritize your needs and make sure your resources are in sync

· All of your timeframe and budget objectives will be met

3. Streamline and Automate

If something works, double-check that you can do it again. To ensure consistency, take advantage of sophisticated process automation:

· Make templates and workflows that can be reused

· Manual processes and workarounds are phased out

· To gain a deeper understanding, silos are broken

· Work smarter to save time and money

4. Maintain your Progress

Achieve your goals by making adjustments:

· Understand the current status of your projects at all times

· Boost your strategies by tightening control
Timelines, scopes, and budgets should all be in sync

· Project Pulse Access provides real-time status information, and Mavenlink Insights allows you to act on it

· To ensure future success, forecasting is more important than ever

5. Empower your Team

Bring your favourite tools into the equation to make things easier to do.

You can do things your way with Mavenlink integrations.

Access the best-in-class apps with ease which allows you to:

· Increase your efficiency and flexibility

· Increase the utility of your current technology toolkit

Mavenlink has four pricing tiers. They are:

Teams – The Teams tier contains collaboration and task management capabilities and is designed for small teams (up to five people). It's $19 per month if paid annually. The Teams plan has the following features:

  • 10 GB storage
  • Personalized dashboard for each user
  • Dedicated online workspace for each project
  • Social network-style activity news feed
  • File sharing via Google Drive integration
  • Public and private messages
  • Ability to grant access permissions to specific users
  • Task management, including task assignment and scheduling
  • Gantt charts, task dependencies and critical path analysis
  • Project plan templates
  • Mobile app
  • Customer support, such as 24/7 live support, a training video library and a knowledge base
  • Custom branding and custom subdomain

Professional – The Professional plan costs $39 per month for each user (paid annually). It incorporates all of the features of the Teams plan, as well as the following:

  • 50 GB storage
  • Change request management
  • Project accounting features such as; time and expense tracking, budgeted projects, time cards, expense reports, invoicing and online payments

Premier – Additional financial and resource planning components are included in this Premier plan. You'll have to contact the vendor directly for a quote because Mavenlink doesn't give pricing for this plan. The following features are included in the Premier plan:

  • 100 GB storage
  • Portfolio management
  • Project baseline and variance analysis
  • Project and job costs calculations
  • Resource planning features such as; hard and soft resource allocations, resource scheduling  and real-time availability forecasting
  • Real-time business analytics at your fingertips
  • Ability to create custom integrations flawlessly
  • Ability to create custom fields effortlessly

Enterprise – Advanced features, such as full business intelligence functionality, are included on the Enterprise plan. You'll have to contact Mavenlink directly for a price because they don't give pricing for this plan. This plan also includes the following features:

  • 1 TB storage
  • Business intelligence features such as data visualizations, custom reporting, trend analysis and forecasting
  • Service level agreement (SLA)
  • Single sign-on functionality

Mavenlink provides optional services to Premier and Enterprise plan members, such as the ability to upload proofs on any project, advanced integrations, and implementation.

Issues with Mavenlink

The biggest gripe I have with Mavenlink is that they don't have a transparent pricing system for their Premier and Enterprise plans. They may have their reasons but there is always that doubt which lingers at the back of my head which is, "Am I getting a fair deal?".

They are also too focused on their target users (professional service firms) and a lot of their features may seem like bloat to someone in a different niche.

Mavenlink can be more expensive because it has functionality that many other solutions don't (such as project accounting and business intelligence). It also doesn't have a free plan which may hinder your decision.

What's the Alternative

Mavenlink is suitable for organisations of all sizes, from tiny firms with simple tasks to huge corporations with complex projects. If you're looking at a variety of options and want to compare prices, we've identified three other providers who offer lower-cost programmes.

1. Asana

For teams of up to 15 people, Asana offers a free plan. It comes with basic dashboards and search capabilities, as well as an infinite number of tasks, projects, and discussions. Premium, Business, and Enterprise are the three priced programmes. The Premium subscription costs $10.99 per user, per month (paid annually) and includes a limitless number of dashboards, sophisticated search and reporting, task dependencies, and priority assistance, among other things.

The Business plan costs $24.99 per user, per month (paid annually) and includes all of the Premium plan's features plus portfolios, custom rules builder, approvals, and Salesforce, Tableau, and Power BI connectivity.

The Enterprise plan is designed for larger teams and provides extra features including customised onboarding strategies, advanced security, and bespoke branding. Asana's pricing isn't public, so you'll have to contact them for a price.

2. Wrike

Wrike offers five different pricing options. The first is a free subscription for up to five users that includes Wrike's essential features like a board and spreadsheet view, real-time Activity Stream, file sharing, task discussion, mobile apps, and cloud storage integration.

The second option is the premium Professional edition, which is available for five to 200 people. It costs $9.80 a month per user and offers extras like 5 GB of storage, subtask management, shareable dashboards, and Gantt charts, to name a few.

The Business plan, which is likewise for five to 200 users, comes next. It contains advanced capabilities such as custom fields and workflows, time tracking, report templates, Salesforce connection, user groups and permissions, and 50 GB of storage space for $24.80 per user every month.

Wrike for Marketers, a plan for marketing and creative companies, is also available. Wrike Proof (track proofing and approval procedures), Wrike Extension for Adobe Creative Cloud, Wrike Publish (digital asset management), and customizable templates and workspaces are all included.

The Enterprise plan is the final option. It's designed for companies with a large number of users or unique requirements. It also provides advanced features like 100 GB of storage, two-factor authentication, real-time reporting, single sign-on, and folder permissions.

You'll have to contact Wrike directly for a price quote for either the Wrike for Marketers or Enterprise edition because pricing isn't available publicly.

Conclusion

This article is my attempt to give a comprehensive overhaul of Mavenlink pricing and whether all the features it offers justify its comparatively higher cost.

I have also given you alternatives in case you are unsure, so that you have the option to compare the prices of various other products to see which suit you the most.

Hope this humble effort helped you!

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