Pricing Options for a Virtual Data Room

If a company chooses to make use of a virtual data room, there are two primary elements of the platform it requires: secure storage of documents and files and an easy access for team members. Depending on the type of industry or project, the number of users and duration, there are different pricing options for the VDR like per-page pricing, per-user pricing storage-size pricing or a monthly flat cost.

Many vendors charge by the number of gigabytes (GB). This pricing method may be suitable for projects with small text file sizes but can be expensive for companies that are exchanging large video or audio files.

The price of a VDR is also influenced by the administrator access granted to the system. Some providers permit unlimited admins, which can make the platform more expensive. However, this feature streamlines processes and speeds up due diligence.

Integration with other platforms, like www.douceandco.co.uk/international-transaction-management-managing-transactions-in-a-virtual-data-room/ Slack or Microsoft Office (for example), can improve the user experience and functionality. These options are typically more expensive than the ones without integrations.

The length of a project’s duration can significantly impact the cost of a data room. A company will typically set a price for a specific number of months and then bill month-to-month. Some vendors, like DealRoom offers discounts for M&A transactions, and offer the option to cancel the contract after the transaction has been completed. This option is ideal for companies that aren’t certain of the length of the project.