Pricing Options for a Virtual Data Room

If a company decides to use a virtual data room there are two main aspects of the platform that need to be secure storage for documents and files and the ability to access them for team members. Based on the industry and project, the number of users and their duration it is possible to choose different pricing options for the VDR like per-page pricing, per-user pricing, pricing based on storage size as well as a flat monthly cost.

Many vendors charge by the gigabytes (GB). This pricing model may be suitable for projects with smaller text file sizes however it can be costly for companies that trade large audio or video files.

The cost of a VDR is also influenced by the administrative access granted to the system. Some providers allow for unlimited admins, which makes the platform pricier; however it streamlines workflows and can speed up due diligence.

Certain vendors allow integration with other commonly used platforms, like Slack https://douceandco.co.uk/commercial-transactions-and-international-transactions/ or Microsoft Office, which improves the user experience and functionality. These functions are usually more expensive than those that do not integrate.

The length of a plan can affect the cost of the data room. A company will typically determine a cost for a certain number of months and then charge monthly thereafter. Some vendors, such as DealRoom offer discounts on M&A deals and allow you to terminate your contract after the deal has been completed. This option is best for companies that aren’t certain of the length of a project.