Pricing Options for a Virtual Data Room

If a company decides it wants to use a virtual room, it needs two essential features such as secure storage of their documents or files and easy access for team members. Depending on the industry and project, the number of users and duration of the project, there are a variety of pricing options for a VDR like per-page pricing, per-user pricing pricing for storage size or a monthly flat cost.

Many vendors charge based on the number of gigabytes (GB). This pricing structure can be ideal for projects that have relatively small text file sizes however it can be costly for companies exchanging large video or audio files.

The cost of a VDR is also influenced by the administrative access granted to the system. Certain providers allow unlimited admins, which makes the platform more expensive. However, this feature streamlines processes and speeds the process of due diligence.

Certain vendors allow integration with other commonly used platforms, like Slack or Microsoft Office which improves the user experience and functionality. These features are usually more expensive than those without integrations.

The length of a project can be a factor in the cost of the data room. A vendor will usually determine a cost for a certain number of months and then charge monthly thereafter. Certain vendors, such as DealRoom offer discounts on M&A deals and let you cancel your contract once the deal is concluded. This option is beneficial for businesses who aren’t certain how long the project will last.

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