Table of ContentsPricing StrategyBilling Cycle Based PricingFree TrialsCollaborative Business Applications (CBA) Tools or Applications or Applications Help Business Units Make the Workforce More Efficient and productive. These tools help a team collaborate with each other so that ideas and discussion points are shared effectively. Although there are many tools used by organizations, such as email, document sharing, etc., that facilitate collaboration within an organization, they are not very scalable tools allowing a organization to collaborate effectively. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay Some of the major factors that lead to the adoption of ABC are discussed below: Improved efficiency: Organizations that adopt ABC have been found to demonstrate increased efficiency. in operations. Since ABC helps employees gather information faster, it facilitates decision-making and coordination among team members. Time Management: ABC can be used to connect with team members spread across different geographies. CBA helps plan work and update work progress, resulting in better time management for team members. Cost Optimization: Collaboration applications help team members work from anywhere in the world, resulting in reduced real estate rental costs and travel expenses. Better quality of work: Better Collaboration between team members limits errors in projects by sharing documents and discussion threads. This will improve the quality of project works. Growing Use of Mobile Devices and Social Media: Higher penetration of smartphones and tablets has forced organizations to provide access to office tools through mobile devices. Instant messaging and web conferencing are examples of these tools available on mobile devices. Additionally, the expansion of social media requires the use of social networks within an organization's workforce. Such social networks can stimulate new ideas and innovation. Typical collaborative business tools will have the following features as part of their design: Chats and Discussion Forum: It helps a team communicate, share and discuss. A centralized storage platform: It helps store files and other resources Features like task assignment, scheduling, and trackers Pricing strategy Collaboration tools require a proper pricing strategy to gain customers. If the product is not priced correctly or does not meet the needs of the market, the product may fail in the long run. It is important to look at broader pricing trends within the industry and strategies to adopt for optimal pricing for collaboration applications. In general, collaboration tool pricing can be divided into the following broad categories: Pricing based on billing cycle Free trials and pricing based on offers Feature loaded pricing Custom pricing Pricing based on customer segment Pricing based on number of users Categories above are discussed in detail below: Pricing based on billing cycle Companies offer different prices to customers based on the billing cycle. Some.