Pricing Options for a Virtual Data Room

If a business decides it’s interested in using a virtual room, they need two primary elements that are highly secure storage of its files/documents, and easy access by team members. Depending on the industry and project, the number of users and the length of time there are various pricing options for the VDR that include per-page pricing, per-user pricing pricing based on storage size, or a check my blog flat monthly cost.

Many vendors charge per gigabytes. This pricing method may be ideal for projects that have relatively small text file sizes but can be costly for businesses that exchange large video or audio files.

The price of a VDR is also influenced by the access to administrative functions granted to the system. Certain providers allow unlimited admins, making the platform pricier; however this feature can streamline workflows and can speed the process of due diligence.

Integration with other platforms, like Slack or Microsoft Office (for example) can enhance the user experience and functionality. These options are generally more expensive than those that do not integrate.

The length of the project will often affect the price of a virtual data room, since a vendor usually offers an agreed price for a number of months, and then charges month-to-month following that. Some vendors, such as DealRoom, offer discounts for M&A deals and let you end your contract at the time the deal has been completed. This is a good option for businesses who are not certain about the duration of a project.