Are there price increases during the initial 12-month contract?
No automatic increases during the initial 12-month term.
Overview
No automatic increases during the initial 12-month term. The agreement allows easyAML to apply a fee increase of up to the greater of CPI or 3%, at its election, with at least 30 days' written notice - but only at renewal, never mid-term and never automatically.
Why the 12-month commitment matters
The 12-month commitment is what enables the pricing structure, especially the bundled Risk Assessment, AML Program build and training, which would cost $5,000-$15,000 if procured separately. Locking the price in for the term is one of the benefits of that structure.