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 | ||
---|---|---|
Avg Contract Value | $46,781 | $72,547 |
Deals handled | 55 | 945 |
Unique Purchasers | 40 | 440 |
Avg Savings | 18.57% | 10.06% |
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:
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.
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.
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:
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.