Software Advice has helped many organizations choose the right mentoring software to foster development and track program success. How does it work?

Mentoring Software

 
Graduway logo
 
Graduway is a cloud-based alumni mentoring and management solution designed for companies of all sizes. It offers appointment scheduling, progress tracking and program management functionalities within a suite. The product is suitable... Read More
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Graduway is a cloud-based alumni mentoring and management solution designed for companies of all sizes. It offers appointment scheduling, progress tracking and program management functionalities within a suite. The product is suitable... Read More
 
MentorcliQ logo
 
MentorcliQ is a cloud-based solution that enables organizations to engage employees by managing mentorship initiatives. The solution offers features such as customized user profiling, mentor matching, match scoring and reporting. MentorcliQ... Read More
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MentorcliQ is a cloud-based solution that enables organizations to engage employees by managing mentorship initiatives. The solution offers features such as customized user profiling, mentor matching, match scoring and reporting. MentorcliQ... Read More
 
Wisdom Share logo
 
Wisdom Share offers cloud-based mentoring solutions for large enterprises such as educational institutes, government agencies and the military, nonprofits and professional associations. The solution provides features such as a matching... Read More
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Wisdom Share offers cloud-based mentoring solutions for large enterprises such as educational institutes, government agencies and the military, nonprofits and professional associations. The solution provides features such as a matching... Read More
 
River logo
 
River is a cloud-based corporate mentoring solution that offers mentor configuration, matching and reporting functionalities within a suite. Users can create a branded website for mentor and mentee registrations. Users can also define... Read More
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River is a cloud-based corporate mentoring solution that offers mentor configuration, matching and reporting functionalities within a suite. Users can create a branded website for mentor and mentee registrations. Users can also define... Read More
 
MentoringTalent logo
 
MentoringTalent is a cloud-based mentoring solution that enables human resources professionals to match mentors with mentees, create learning paths, facilitate communication and analyze the performance of mentorship programs. The solution... Read More
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MentoringTalent is a cloud-based mentoring solution that enables human resources professionals to match mentors with mentees, create learning paths, facilitate communication and analyze the performance of mentorship programs. The solution... Read More

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Mentorloop logo
 
Mentorloop is a cloud-based mentoring software platform which enables mentors and mentees to communicate. it is suitable for universities, government organizations, nonprofits and startups. Key features include onboarding, mentor and... Read More
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Mentorloop is a cloud-based mentoring software platform which enables mentors and mentees to communicate. it is suitable for universities, government organizations, nonprofits and startups. Key features include onboarding, mentor and... Read More
 
Innovative Mentoring logo
 
Innovative Mentoring Software is a cloud-based mentoring management solution designed for youth-mentoring organizations. It offers mentor application, screening, matching, messaging and reporting functionalities. Innovative Mentoring... Read More
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Innovative Mentoring Software is a cloud-based mentoring management solution designed for youth-mentoring organizations. It offers mentor application, screening, matching, messaging and reporting functionalities. Innovative Mentoring... Read More
 
Chronus logo
 
Chronus offers cloud-based mentoring software that allows users to manage and track mentoring programs. Chronus offers mentor-mentee matching, mentee learning resources, reporting tools and apps for iOS and Android. Mentoring plans... Read More
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Chronus offers cloud-based mentoring software that allows users to manage and track mentoring programs. Chronus offers mentor-mentee matching, mentee learning resources, reporting tools and apps for iOS and Android. Mentoring plans... Read More
 
MentorCity logo
 
MentorCity is a cloud-based mentoring solution that is suitable for schools, associations, nonprofits and other companies. MentorCity allows users to create profiles from imported data from LinkedIn. Users can select various meeting... Read More
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MentorCity is a cloud-based mentoring solution that is suitable for schools, associations, nonprofits and other companies. MentorCity allows users to create profiles from imported data from LinkedIn. Users can select various meeting... Read More
 
MentorLead logo
 
MentorLead is a cloud-based mentorship management solution designed for midsize and large companies. The platform offers leadership development tools, onboarding, collaboration tools and training functionalities within a suite. MentorLead... Read More
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MentorLead is a cloud-based mentorship management solution designed for midsize and large companies. The platform offers leadership development tools, onboarding, collaboration tools and training functionalities within a suite. MentorLead... Read More

 

Buyer's Guide

by Brian Westfall,
Market Research Associate
Last Updated: July 18, 2017


Would Rocky still become the boxing legend we know and love without Apollo Creed in his corner? Would Daniel “Karate Kid” LaRusso have been able to defeat the Cobra Kai without the wisdom of Mr. Miyagi? Without Ra’s al Ghul, does Bruce Wayne ever become Batman?

Yes, those are all fictional characters, but the point still stands: mentors, in work and life, play an important role in the growth and success of individuals.

You know this, of course, but you also know managing a multitude of mentorships manually (say that 10 times fast) tends to be a time-consuming chore that can seem like more trouble than it’s worth.

That’s why if mentorships are an important priority in your organization, you should consider investing in mentoring software—systems designed to help users manage their various mentorship programs.

If you’ve never purchased mentoring software before, that’s OK. Consider us your mentoring software mentors. In this Buyer’s Guide, we’ll go over definitions, common functionality, pricing and more to help you choose a system that will best fit your needs.

Click a link below to jump to that section:

What is Mentoring Software?
Types of Mentoring Software
Common Mentoring Software Functionality
How Much Does Mentoring Software Cost?
Mentoring Software Tips for New Buyers

What is Mentoring Software?

Mentoring software allows users to start, manage and measure the effectiveness of mentoring programs. Whether you’re a business trying to foster developmental relationships between workers, a school attempting to connect alumni with future graduates or a community activist organization keen on steering the next generation in the right direction, mentoring software can help.

Besides getting your program off the ground and finding ideal matches between mentors and mentees, mentoring software can also help you facilitate collaboration, stay on top of compliance and goal tracking needs and gather data to measure the success of your program.

Types of Mentoring Software

Mentoring software can be broken down into two types of systems aimed at two different types of users:

  • Corporate (or employee) mentoring software. These platforms allow businesses to manage mentorships between employees. Using these products, your company can pair up experienced workers with new hires to show them the ropes in your organization, or match older GenXers and Baby Boomers with younger Millennial workers to mentor them on technology. An example product here would be something like Mentor Scout.
  • Mentoring program software. These systems are typically geared toward youth mentoring organizations so they can better manage relationships with mentors, mentees, guardians, donors and more. Colleges and universities can also use mentoring program software to manage mentorships between undergrads and alumni. MentorMe is one example of this type of system.

There are also mentoring platforms that cater to both audiences, if that interests you.

Common Mentoring Software Functionality

Many mentoring software products share the same features, regardless of what type of buyer you are. Here are some common ones to look out for:

Enrollment Create a custom workflow for users to self-enroll in your mentoring program.
Mentor matching Set up criteria so the software automatically matches mentors and mentees together or allow users to select their partner on their own.
Collaboration Mentors and mentees can exchange messages and share resources with each other in private or participate in public discussion forums.
Knowledge base Create a shared repository with resources to support mentorship activities.
Activity tracking Ensure participants have turned in necessary forms and completed steps towards predetermined goals with task lists and automated alerts.
Analytics & reporting Collect results from satisfaction surveys and track outcomes to gain insight into mentoring program success (or lackthereof).

A big concern with any new software purchase is going to be the price tag. The fact that many mentoring software vendors won’t reveal their cost outright on their website can complicate matters further. You need not worry though. Many leading products are surprisingly affordable as long as you know what you’re getting into and budget accordingly.

Most mentoring software products are subscription-based, which means you pay either a flat monthly fee (e.g., Mentorloop) or a per-user monthly fee (e.g., Innovative Mentoring Software) to use the system. It’s common for vendors to offer different packages, so you can choose to pay less for basic functionality or more for advanced features and additional users.

That’s just the license cost, by the way. There may also be additional one-time fees for things like setup and data migration or recurring fees for things like support and training.

All in all, you can expect to pay anywhere from a couple hundred dollars to upwards of $30,000 or more a year for your mentoring software, depending on your size and needs.

Mentoring Software Tips for New Buyers

Mentoring software can offer major benefits to your organization—connecting remote workforces, improving the onboarding experience, getting your succession plan in order for vital roles.

That doesn’t mean you should pick a mentoring system at random though, or purchase a product just because everyone else uses it. Choosing the wrong software for your needs or implementing a platform poorly can end up doing more harm than good.

With that in mind, here are some last-minute tips to help new mentoring software buyers:

  • Assess your “needs,” and differentiate them from your “wants.” What are the biggest headaches with your mentoring program today? Focus on the pain points or areas of improvement you need your new software to address, and ignore any nifty features that will bloat your costs without adding any value.
  • Do your due diligence. Don’t just talk to a few vendors, pick a system and sign on the dotted line. Research different offerings thoroughly and demo software products you like multiple times to better understand what they can and can’t offer. Ask a ton of questions too, because vendors like to steer the conversation towards what they do well and gloss over shortcomings.
  • Read reviews! No one knows how good or bad a certain mentoring software system is more than real users. Read reviews from organizations similar to yours to better understand if a system is a good fit or not.

 

 

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