Loom

Loom Negotiation Insights

Loom is a leading video messaging platform that enables businesses to improve communication within their teams. When negotiating a Loom contract, there are certain levers you can pull to potentially get a better deal.

Discount Lever

1. Bundle Purchases: Loom may offer discounts for customers who purchase their software in a bundle along with other services. If you're considering implementing several communication or productivity tools, you might be able to reach a more attractive rate with Loom by negotiating a bundled purchase.

Commercial Item

1. Usage: Loom's pricing may be based on usage such as the number of active users or minutes recorded. It's crucial to understand your team's exact usage needs to negotiate better terms. If your team expects to have a high usage, negotiate for an unlimited usage plan, but if your usage is expected to be low, you may aim for a lower cost per user, or per minute.

To access a full list of negotiation insights, sign up for a free forever Vendr account. Through Vendr, you unlock a more in-depth perspective of the negotiation process with access to key data points, discount levers, and commercial items across various SaaS products, including Loom.

Community Insights for Loom

Gathering insights from our community can be incredibly valuable when considering a SaaS product like Loom. Here are the two most recent insights shared by our users:

1. "Was able to maintain same per user pricing even with a 73% descope by leveraging other available tools with the same functionality (Zoom, Slack etc.) that would be no additional cost." - Community Insight was posted recently.
2. "Loom offered flat pricing on a renewal with minimal growth." - Community Insight was posted recently.

These insights reflect the experiences of actual users and can provide a realistic perspective on what to expect when negotiating with Loom. For more detailed insights, such as the estimated time to implement Loom, what to expect for your renewal, and other discount levers that can be implemented if you're stuck during the negotiation process, we encourage you to sign up for a free forever Vendr account. By joining, you'll gain access to a wealth of community insights, with a current total of 8 insights available for Loom.

Loom Overview

Loom is a modern video recording and sharing platform designed to simplify communications and enhance productivity for businesses. With Loom, you can effortlessly create videos including screen shares, webcam recordings, or a mix of both, and share these videos instantly with your team, clients, or stakeholders. It reduces the need for back-and-forth emails and calls, provides clear and concise information, and fosters a collaborative working environment.

Key features of Loom include high-quality recording, easy video editing, versatile sharing options, interactive video commenting, video library management, and real-time notifications when someone views your video. It's ideal for a variety of use-cases such as internal communications, customer support, sales pitches, product demonstrations, and training tutorials.

Compliance and Security

Loom takes data protection seriously and aligns its operations with globally accepted regulations and security measures. The platform adheres to the standards set by the General Data Protection Regulation (GDPR), ensuring all user data and recordings are collected, processed, and stored while respecting user's privacy rights.

In terms of security, Loom has completed its Service Organization Control 2 (SOC2) Type II audit. This assures users of the robust security measures in place to protect their data and information.

The platform also includes advanced security features such as Multi-Factor Authentication (MFA) and Single Sign-On (SSO). MFA offers an additional layer of protection by requiring extra verification steps beyond basic password authentication. SSO allows users to log in to multiple services with one set of credentials, simplifying the login process and reducing the risk of password-related security issues.

Finally, Loom is committed to safeguarding Personally Identifiable Information (PII) in line with stringent Data Protection Act (DPA) regulations. This commitment further assures users that their personal and sensitive information is handled with utmost care and respect.

Loom Pricing FAQs

What is included in Loom's free plan?

Loom's free plan allows users to create up to 25 videos per user with a maximum recording length of 5 minutes per video. It's a great way to try out Loom's screen recording and video messaging capabilities without any cost. Features such as the cam bubble, screenshots, and basic editing tools are included.

Does Loom offer transcription services for videos?

Yes, Loom provides transcription services for videos, which is a valuable feature for creating accessible content and enhancing engagement insights. Transcriptions can be generated automatically for recorded videos.

Can I use Loom on mobile devices?

Yes, Loom offers mobile apps for both iOS and Android. This allows you to record, edit, and share videos on the go, providing flexibility and convenience for users who need to create content from their mobile devices.

What are the benefits of upgrading to Loom's paid plans?

Upgrading to Loom's paid plans, such as the Business or Enterprise plans, unlocks additional features like unlimited recording length, advanced content privacy controls, custom branding, and enhanced security measures like SSO and MFA. These plans are designed to meet the needs of growing teams and large organizations.

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