Pricing Options for a Virtual Data Room
If a business decides it would like to utilize a virtual room, they require two primary features security for the storage of documents and files and easy access for team members. Based on the industry and project as well as the number of users, and the length of time of the project, there are a variety of pricing options for the VDR including per-page pricing, per-user pricing pricing for storage size, or a flat monthly cost.
Many vendors charge based on the number of gigabytes (GB). This pricing structure is great for projects with small text files, but is costly for businesses who exchange large audio and video files.
The price of a VDR is also dependent on the administrative access granted to the system. Certain providers permit unlimited admin access which can make the system more expensive. However this feature simplifies work flows and can speed up due diligence.
Integration with other platforms, like Slack or Microsoft Office (for instance) can enhance functionality and user experience. These features are usually more expensive than those that do not have integrations.
The duration of the project is likely to determine the price of the virtual data room because a service typically offers an agreed price for a number of months, and then charges month-to-month following that. Certain vendors, such as DealRoom, will offer discounts for M&A transactions and provide the option of rescinding the contract after the transaction is completed. This option is best for companies that aren’t sure of the duration of the project.
