Perpetual License Vs. Subscription License in Accounting System
Are you planning to implement an Accounting System in your company? Have you decided the type of Software License that you want to have? One of the things that must be considered in availing…
PUBLISHED: September 10, 2021
Are you planning to implement an accounting system in your company? Have you decided the type of Software License that you want to have? One of the things that must be taken into consideration in availing an accounting system is the type of software license. Which brings us the Perpetual License and the Subscription License. Let us know which one will you your company the best.
WHAT IS PERPETUAL LICENSE?
A perpetual license is a type of software license that authorizes an individual or company to use a system or program indefinitely – forever as they say. This is the traditional way for purchasing software where you will pay for the software license upfront then have the right to use a specific version of the software or program as long as you like.
Usually, perpetual license provides the best ROI for the company because it maybe a large investment but it is also one-time and often offered with discounts. However, some software providers only give a specific version of a program or system to their clients with perpetual license which means that the clients may need to pay extra services in order to have updated version of the said program.
WHAT IS SUBSCRIPTION LICENSE?
Also called as subscription-based pricing model permits an individual or a company to avail services for a specific period of time with fixed cost. Subscription license users have an option to select for the duration of the subscription which can either be monthly or annually. Most of the time the cost for subscription license will be lesser if the company or individual selects yearly or longer subscription. However, this pricing model can result to an individual or a company overpaying services due to indefinite length of subscription.
Subscription Pricing Model is now widely used specifically for cloud computing accounting software. Cloud Customers usually pays the full amount for the subscription, whether it will be for a month or a year.
ACCOUNTING SOFTWARE WITH PERPETUAL LICENSE
SAP Business One and QNE Accounting Software both have Perpetual Licenses to offer. SAP Business One and QNE Accounting Software are ideal for Small and Medium Enterprises that requires Financial Management, Sales and Purchases, Inventory and Reporting.
SAP Business One is being offered by multiple vendors here in the Philippines while QNE Accounting Software is only distributed by QNE Software Philippines, Inc. with the help of the trusted QNE Resellers and Partners.
ACCOUNTING SYSTEM WITH SUBSCRIPTION LICENSE
QuickBooks is popular in providing subscription license used by micro businesses. Xero also targets micro businesses with their offer of online accounting software.
Overall, it will still depend on the company’s capability and long-term goal whether to use a Subscription License Accounting System or a Perpetual License Accounting Software.
QNE offers a 60-days FREE Inventory Software Philippines License to let you experience the change that it can bring to your organization! Sign up now. Click the image below!