Octobits Blog – The Microsoft 365 Business Premium price should be a big factor in any business’s decision-making process about tech investments.
As we know, Microsoft 365 Business Premium is an all-in-one solution that combines the best of Office 365 with top-notch security and device management features.
With this package, you get a mix of familiar Office apps, cloud services, top-notch security features, and collaboration tools that can make your operations run more smoothly and boost your productivity.
So, let’s focus on every single aspect of Microsoft 365 Business Premium, okay?!
Detailed Pricing of Microsoft 365 Business Premium
Subscription Plans
You can get Microsoft 365 Business Premium either as a monthly or annual subscription.
With the monthly subscription, you’ve got more flexibility. You can adjust your usage and costs as needed.
But the annual subscription usually comes with a discount, so it’s a better deal for companies that want to use Microsoft 365 for a long time.
This all-in-one subscription includes access to desktop, web, and mobile versions of Office applications, as well as advanced security features and device management capabilities.
Pricing Tiers
As of June 2024, Microsoft 365 Business Premium is structured into three main pricing tiers.
The Business Basic plan starts at $6.00 per user per month and includes web and mobile versions of Office apps, 1 TB of cloud storage per user, and email hosting.
The Business Standard plan, which costs $12.50 per user per month, also includes some extra services like desktop versions of Office apps and business-class email.
The most comprehensive plan, Business Premium, costs $22.00 per user per month and includes advanced security features, comprehensive device management, and more.
Additional Costs
While the core subscription covers a lot of essential features, there are some additional costs that businesses might have to pay.
These include extras like Copilot for Microsoft 365, extra storage beyond the standard 1 TB per user, and third-party integrations along with advanced compliance tools.
These extra features can make the suite more useful and secure, but they’ll cost you more.
To learn more about Microsoft Copilot, kindly check “Is Microsoft 365 Copilot Worth the Hype (and the Price)? A No-BS Review.”
Features of Microsoft 365 Business Premium
Office Applications
Microsoft 365 Business Premium gives you access to a full suite of Office applications, including Word, Excel, PowerPoint, and Outlook, across desktop, web, and mobile platforms.
These tools are essential for getting work done and working together, whether you’re in the office or remote.
Just picture a team spread out across different locations, working on a crucial project. With Word and Excel, they can work on the same document or spreadsheet at the same time, so everyone’s on the same page.
These tools are key to keeping a smooth workflow, whether employees are in the office or working remotely.
Cloud Services
One more thing that sets Microsoft 365 Business Premium apart is the 1 TB of OneDrive storage included with each user account.
This huge storage space makes it easy for employees to store, share, and work on files from any device, no matter where they are.
SharePoint also helps with document management by letting you create team sites, which makes it easier for teams to access the latest files and work more efficiently.
Security Features
Advanced Threat Protection is there to protect you from the more sophisticated threats like malware and phishing attacks.
For instance, a company that frequently deals with sensitive client data can rest assured that its data is protected from these cyber threats.
Microsoft Defender offers a complete security solution for all your business devices.
That means that whether employees are using their laptops, tablets, or smartphones, they’re protected from potential security breaches.
Plus, Information Protection tools let businesses classify, label, and secure sensitive information.
Collaboration Tools
The suite includes some great collaboration tools like Microsoft Teams, which makes it easy to communicate in real time, hold video conferences, share files, and manage projects.
This helps create a collaborative work environment, even for teams spread out across different locations.
Integrating with other Office apps helps teams work together more effectively and get more done.
Wait. For the lowdown on all the Microsoft 365 pricing, you can read “Microsoft 365 Price: More Bang for Your Buck? Yes, It’s Possible!“
Factors Influencing Microsoft 365 Business Premium Pricing
Number of Users
The price of Microsoft 365 Business Premium goes up a lot depending on how many users you have.
You can get a better deal if you buy in bulk for larger companies.
For instance, a tech company that’s growing and scaling from 50 to 500 employees might initially face a high per-user cost.
But as the company grows, it can negotiate volume discounts that lower the overall cost, making the per-user price more affordable.
Storage Requirements
Microsoft 365 Business Premium comes with 1 TB of storage per user as a standard feature.
However, if your business has a lot of data, you might find this isn’t enough and you’ll need more storage, which will cost you more.
Integration Needs
Integrating Microsoft 365 Business Premium with third-party apps and services can really affect the overall cost.
For instance, a financial services firm might need to integrate specialized accounting software and customer relationship management (CRM) systems with Microsoft 365.
While these integrations can make things more efficient and easier to manage, they also add to the overall cost.
Advanced Features
Advanced features like enhanced compliance, security, and device management capabilities also affect the price of Microsoft 365 Business Premium.
Some companies, like those in healthcare or finance, might need more advanced compliance tools like Azure AD Premium and Intune for device management.
These extra features are great for keeping things secure and on the right side of the regulators, but they do add to the overall cost.
So, ready to make a purchase or want to keep looking into it? Just head over to the Microsoft 365 Business purchasing page.
How Octobits Can Help
As you can see, managing SaaS subscriptions and licenses efficiently can be pretty complex.
At Octobits, we’re here to help you handle your SaaS needs in the most efficient way possible, reducing license waste and optimizing costs.
Team up with us at Octobits and we’ll make sure you’re getting the most out of your Microsoft 365 Business subscriptions.
If you want to learn more about how Octobits can help you manage your SaaS, kindly visit Octobits. And yes, Octobits is free-to-use until the end of December 2024.
Conclusion
By digging into the nitty-gritty of costs, grasping the essentials, and understanding what affects pricing, businesses can make smart choices that match their specific needs and budgets.
If you’re looking for extra help managing your Microsoft 365 subscriptions or other software tools, you might want to consider a solution like Octobits.
Ultimately, you need to be sure you’re making the right choice about Microsoft 365 Business Premium price. It’s a great suite, but you need to know what it’s going to cost you.
