Chapter 9: Choose the Right Price

When it comes to buying the perfectly matched AML screening solution, pricing flexibility, and feature customization are essential factors. Because the one-size-fits-all pricing model and complete solution suite are not in demand in the market or appreciated by regulatory bodies.

Get some valuable tips for the last phase to buy a perfect compliance screening solution. It focuses on discovering suitable pricing strategies and chosen features that align with your business goals.

Outline Your Necessities

Discover the screening features that your organization requires like getting access to sanction screening lists only, or the PEP databases from the north region, and then the budget that you prefer to spend.

Vendor Evaluation

Gather data about your selected vendors and conduct a detailed analysis based on their positive or negative aspects. What value will they add to your organizational operations and what limits do they hold?

Pricing Mechanism

Explore different pricing strategies that best align with your organizational structure and goals. For example, a customized pricing model can be useful in the long run as compared to flat-rate options.

Why Should You Consider a Flexible Pricing Model for AML Solution?

• Tailored Solutions

Contemporary vendors often sell complete suites at full price, with no option to customize the software to your specific requirements. This not only increases costs but also results in less efficient AML operations.

With AML Watcher, you can select only the features you need, avoiding unnecessary costs. You can customize your package as per your search volume that matches exactly what your business needs.

• Scalability

As your business grows, the software should scale with you. You can easily add new features and search volume capabilities without resetting your entire system.

• Pay For What You Use

Many market competitors offer the same price for every client, regardless of individual needs. This inflexible approach can lead to paying for features you don’t need.

Ensure the pricing model allows you to pay only for the features, volume, and services you actually use. This approach eliminates wasted expenditure on unnecessary functionalities.

• Competitive Rates

Even with customization, pricing should remain competitive. Aim to get the best value for your investment, with top-tier AML capabilities at a price that makes sense for your business.

AML Watcher offers you the freedom to get desired features and required search volume with a tailored pricing model. you can use our Feature Select model to choose only the features you need and the volume of searches you require.

Whether it’s watchlist screening covering only the east region, adverse media screening for specific high-risk individuals, or PEP screening as per only US-defined rules. Then you can
customize your package to fit your business requirements. Our Volume-Based pricing model ensures you only pay for the features and services you actually use, eliminating unnecessary costs.