Monday.com
Monday.com Pricing
Monday.com is a robust project management tool with pricing plans that cater to a variety of large to small businesses and budgets. The paid plans for Monday.com range from $8 to $44 per user per month, influenced by the specific plan chosen and the total number of users. For smaller teams or single users evaluating the platform, Monday.com also offers a 'free forever' option. It's worth noting that Monday.com has implemented a pricing increase in October 2022, which might affect the cost moving forward.
Volume discounting and tiered pricing are part of Monday.com's strategy to accommodate different business needs. With different pricing tiers, users can access a multitude of features and storage capacity depending on their organization's requirements. Billing terms, product uptime, potential for plan upgrades or downgrades and consideration for usage overages form part of the comprehensive cost considerations for prospective buyers. Insight suggests that there are also negotiation opportunities available for pricing with Monday.com.
Monday.com Negotiation Insights
When negotiating your Monday.com contracts, understanding the discount levers and key commercial items can be valuable for cost optimization. Here's what you need to know:
Discount Lever
One common discount lever for Monday.com involves multi-year commitments. A longer-term contract may give you leverage to negotiate a lower price over the period. Ensure you plan usage accurately to avoid overcommitment.
Commercial Item
Monday.com's add-ons such as automation, integration, and advanced reporting can impact the final cost. Be mindful of these elements during the negotiation process. If there are features you don't need, eliminating them could assist in reducing the overall cost.
To access more comprehensive negotiation insights featuring a variety of discount levers and commercial items for Monday.com, sign up for a free forever Vendr account. Inside the Vendr platform, you would get access to in-depth insights to strengthen your negotiations with Monday.com, along with analysis of its competitors like Airtable, Asana, ClickUp, Notion, and Smartsheet.
Community Insights for Monday.com
Gaining insights from the experiences of others can be incredibly valuable when considering a SaaS product like Monday.com. Here are the two most recent insights shared by our community:
- "The supplier offered us flat pricing on a 1-year term. We also had Net 60 payment terms approved, providing us with more flexibility." - Community Insight was posted 1 month ago.
- "We were able to get a 28% discount on a 1-year term approved after some pushback. We also had Net 30 payment terms approved as well as removing the auto-renewal, providing flexibility for future renewals." - Community Insight was posted 1 month ago.
To delve deeper into the wealth of knowledge our community has to offer, we encourage you to sign up for a free forever Vendr account. By joining, you'll unlock additional insights such as the estimated time to implement Monday.com, what to expect for your renewal, and other discount levers that can be implemented if you're stuck during the negotiation process. Currently, there are numerous community insights available for Monday.com, each offering a unique perspective to help you make the most informed decisions.
Monday.com Overview
Monday.com is a sophisticated project management tool designed with team collaboration and efficient task management in mind. This robust software presents a multitude of advanced features including workload management, project tracking, and seamless communication setups. Its user-friendly interface and optimal performance have made it popular among different industries, with an average customer size of 350.
Monday.com provides diverse pricing tiers, including Basic, Free, Enterprise, and Pro, each optimized with distinct features and storage capabilities to suit different team sizes and business needs. Implementation and offboarding are typically swift, generally achievable within 3 months, minimizing disruptions to productivity.
The company is committed to fostering a positive user experience. One element of this commitment is their provision of continuous support and training to their customers to ensure optimal platform utilization. Moreover, the availability of free trials enables potential users to test the software and ensure it aligns with their respective operational requirements before committing.
Newly added to their product portfolio is the Monday Sales CRM, fortifying their position as an all-encompassing project management software solution. Additionally, their geographical reach has expanded with the opening of APAC headquarters in Sydney.
Compliance and Security
Monday.com is steadfast in adhering to compliance standards and maintaining a high level of security. The platform is compliant with GDPR and SOC2, ensuring the data being managed is protected and handled in accordance with regulatory guidelines.
On a security front, it is ISO27001 certified and compliant with Data Protection Act (DPA) regulations, further demonstrating its commitment to safeguarding user information. Monday.com offers clear MFA & SSO capabilities, delivering enhanced safety measures for its users. In full compliance with Personally Identifiable Information (PII) regulations, the organization prioritizes user privacy and the protection of sensitive data.
Monday Pricing FAQs
Does Monday.com offer a free version?
Yes, Monday.com offers a free plan. The free plan is known as the 'free forever' option, which is suitable for individuals or small teams. This plan includes up to 2 seats and provides access to essential project management features.
What mobile apps are available for Monday.com?
Monday.com offers mobile apps for both iOS and Android devices. These apps allow users to manage their projects, communicate with team members, and stay updated on the go, ensuring seamless project management across all devices.
What kind of customer support does Monday.com provide?
Monday.com offers various levels of customer support depending on the plan. All users have access to 24/7 support through email and chat. The Enterprise plan includes priority support with faster response times and a dedicated customer success manager.
What security features does Monday.com offer?
Monday.com prioritizes security with features such as multi-factor authentication (MFA), single sign-on (SSO), and compliance with GDPR, SOC2, and ISO27001 standards. These measures ensure that user data is protected and managed securely.
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