Solutions Architect at a computer software company with 501-1,000 employees
Mar 3, 2021
Their licensing costs are on their website. It's easy to find out the overall costs. That being said, I'm under the impression they're getting ready to have a massive overhaul to that, which is going to be a really good thing for the customers. From what I understand, they're getting ready to move to a lower platform cost, and it's going to be more focused on the users in terms of how the cost is. That should offer a lower entry threshold than it is currently. It may be as much as 50% lower, and the user base is what their charge will be based on.
Licensing costs are similar to those for all other IT technology, but they vary by region. As such, the United States, the UAE, Saudi Arabia and Jordan all have disparate licensing costs, even when it comes to the partners involved. We, for example, are entitled to a 50 to 60 percent discount on licensing costs, whereas Jordan may be entitled to one of 90 percent. This makes it challenging to properly appraise the cost. ARIS is similar. The average price varies according to region, Jordan being entitled to a 50 percent discount over that of the UAE.
One use case which we're thinking about at the moment is for a clearing platform for security clearing for risk assessment on margin accounts. It happens from time to time that there is a situation called margin call, which is basically a process where one of our operators from the risk unit behind securities needs to get more money or more assets from the client who owns the margin account. At the moment, the process is that they have a spreadsheet or checklist in digital form and they go through a highly governed process. They follow a printed-out or virtual copy step-by-step. At each step, they're getting a sign-off and a peer review of each step by a peer in the risk department and it takes forever. It's a lot of admin. The Mendix base automation is basically replacing this document, this checklist. It just makes it much more helpful as all this has to happen within an hour, that call and getting assets, for example. The company is massive and each use case is very different, however, at the moment, those tend to be small processes and trying to cut down the administration, which normally means writing documents, archiving files, scanning documents, that kind of thing, which people currently do manually.