The solution is expensive. There is a yearly licensing cost. There are no additional costs, only the standard license, and the cloud license.

In addition to have a short list of providers that you may challenge you should discuss two provider models and their follow-up costs during the lifetime: inhouse and cloud.

Inhouse means running the software and storing your EAM data in your own data center, more analysis options (direct database access), more integration options (ETL out and in your database), more configuration options (when also buying the Expand tool) - this comes with an invest in building up know-how.

Cloud means more options in outsourcing of build, run, and process - this comes with a higher vendor lock-in.