Parspec uses a transparent, usage-based pricing model built around Platform Credits — giving you unlimited users and the flexibility to pay for what you actually use.
| 1.How the Platform Credits Work |
Instead of seat-based licensing, Parspec measures usage through Platform Credits. Your subscription tier determines how many credits you receive per billing period. Credits are consumed when you and your team access specific services.
| 2.What Uses Credits |
Here's how credits are consumed per service:
Service | Credits Used |
Submittal (datasheets only) | 1 credit |
Submittal (datasheets + installation manuals/warranties) | 2 credits |
O&M Package (installation manuals/warranties only) | 1 credit |
O&M Package (installation manuals/warranties + datasheets) | 2 credits |
Quote (with product pricing) | 1 credit |
Product Finder — Annual Plan | 100 credits per user/year |
Product Finder — Monthly Plan | 10 credits per user/month |
Note: Quoting services are only available on Gold, Platinum, Diamond, or Enterprise subscriptions.
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Tip: Parspec charges a maximum of 1 credit per service type, per BOM. Versioning a submittal, O&M, or quote does NOT consume additional credits. Additionally, if datasheets were already included in a submittal, adding them to an O&M package for the same BOM costs nothing extra.
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| 3.Product Finder Seats |
You can activate a Product Finder seat for any user at any time. Credits are deducted immediately and prorated based on where you are in your billing cycle.
For example: activating Product Finder halfway through an annual plan costs 50 credits instead of 100. You can also reassign seats to different users throughout your billing period.
| 4.Subscription Plans |
Parspec offers a variety of plans tailored to your usage needs, each with a credit allowance for Product Finder, quotes, submittals, and O&M documents. Standard plans are billed annually.
Note: Contact your Parspec sales representative to learn about monthly billing options and custom pricing.
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| 5.What Happens If You Run Out of Credts |
If your team exhausts all available credits, you have a few options:
Auto-Upgrade (Default) — Your subscription automatically upgrades to the next tier and your billing cycle resets. Admins can disable this in Settings → Plan & Payment.
Manual Refresh — If auto-upgrade is disabled, you can either wait until the end of your billing period or contact the sales team to discuss renewal terms at your current tier.
| 6.Upgrades, Downgrades, and Unused Credits |
Downgrading or Cancelling — Select a new tier in Settings → Plan & Payment, or contact the sales team. Downgrades take effect after your current billing cycle ends.
Unused Credits — Annual plans do not support credit rollover. Monthly plans can roll over credits for up to one month.
Need help? Visit the Parspec Training Academy or use the in-app support chat.