Pricing Options for a Virtual Data Room

If a company decides to make use of a virtual data room, there are two primary aspects of the platform that it needs: highly secure storage for documents and files and an easy access for team members. There are a variety of pricing options for the VDR depending on the type of project and the industry, as well as the quantity of users, and duration. These include per-page pricing or per-user pricing.

Many vendors charge based on the number of gigabytes. This pricing model is perfect for projects that have relatively small text files, but can be expensive for www.douceandco.co.uk/commercial-transactions-and-international-transactions/ companies who exchange large audio and video files.

The cost of a VDR is also dependent on the amount of administrative access that is granted to the system. Some providers allow unlimited admins which can make the system more expensive. However this feature can streamline workflows and speeds the process of due diligence.

Certain vendors allow integration with other commonly used platforms, such as Slack or Microsoft Office that improves the user experience and functionality. These options are typically more expensive than the ones without integrations.

The length of a project can be a factor in the cost of a data room. A company will typically decide on a price for set number of months and then charge monthly thereafter. Certain vendors, such as DealRoom, offer discounts for M&A deals and allow you to terminate your contract after the deal is complete. This is a good option for companies that aren’t certain of the length of the project.