When a company decides to utilize a virtual data room, there are two primary aspects of the platform need to be secure storage for documents and files and the ability to access them to team members. Depending on the type of industry or project in terms of the number of users, and the length of time of the project, there are a variety of pricing options for a VDR like per-page pricing, per-user pricing, storage-size pricing or a monthly flat cost.
Many vendors charge per gigabytes. This pricing structure may more info here work well for projects with small text file sizes but it can be costly for companies exchanging large video or audio files.
The cost of a VDR also varies based on how much administrative access is granted to the system. Some providers allow for unlimited admins, which makes the platform pricier; however, this feature streamlines workflows and can speed the process of due diligence.
Certain vendors allow integration with other widely used platforms, like Slack or Microsoft Office that improves functionality and user experience. These integrations are typically more expensive than those without integrations.
The length of the project will usually affect the price of the virtual data room since a vendor usually offers an agreed price for a period of time and then charges per month after that. Some vendors, such as DealRoom offer discounts on M&A deals and let you terminate your contract after the deal is completed. This option is more beneficial for companies who aren’t certain how long the project will last.