Spec-ID Announces 2024 Price Increase
Press Release
Spec-ID Announces 2024 Price Increase
Spec-ID Minimizes Price Increases In 2024, Even Among Mounting Operating and Inflation Costs.
Charlottesville, VA-December 11, 2023
Spec-ID, a leading innovator in commercial construction product data Software as a Service (SaaS) provider, announces a strategic pricing adjustment to address the challenges posed by rising operating costs and inflation. This decision is part of our ongoing commitment to delivering exceptional value and ensuring the sustainability of our services. The increase will be effective at the 2024 renewal date for existing subscribers and January 1, 2024, for new subscribers.
In recent years, Spec-ID has experienced significant growth and success, enabling us to continually enhance our products and services. As a result, our operating costs, related to infrastructure and server maintenance, have increased, driven by investments in cutting-edge technology and our dedicated team of professionals.
Additionally, the global economic landscape has witnessed inflationary pressures across the board, impacting various aspects of our operations, from employee salaries to essential resources required to maintain the high standards of service our customers expect.
To maintain the quality and reliability of our SaaS solutions, we find it necessary to implement a moderate price adjustment to our annual subscription fees and Specialized Services with no increase to our Project Management Packages. This adjustment will allow us to continue investing in innovation, providing best-in-class support, and ensuring the long-term success of our valued customers.
Key points regarding the price adjustment:
1. Enhanced Value: Despite the price adjustment, customers can expect continued improvements and innovations in our products and services. We remain committed to delivering exceptional value and ensuring our customers' success.
2. Transparent Communication: We understand the importance of transparency in this process. Our team will be available to answer any questions or concerns you may have about the price adjustment. Feel free to reach out to our customer support team or open our FAQ page for more information.
3. Customer Support: Our commitment to exceptional customer support remains unchanged. We will continue to provide the same level of service that our customers have come to expect from Spec-ID.
Spec-ID appreciates the continued trust and partnership of our customers. We are confident that these changes will enable us to serve you better and ensure the sustainability and growth of our shared success.
Thank you again for your continued support and understanding.
Contact Info
Tom Ellis
423.580.5020
About Spec-ID: Spec-ID is a pioneer in the commercial construction industry. It manages the world’s largest database of commercial flooring materials that it leverages to optimize the sourcing, selection, and management of building material data. Tasks, from sample ordering and product labels to professional and branded technical documents, are automated on a cloud-based platform that improves workflows, data accuracy, business decisions, and ROI. Our goal is to differentiate businesses to be more profitable and competitive.
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