If a company decides it wants to use a virtual room, they require two main features that are highly secure storage of documents and files and easy access for team members. Depending on the industry and project and the number of users and duration, there are different pricing options for the VDR including per-page pricing, per-user pricing, storage-size pricing or a fixed monthly fee.
Many vendors charge by the number of gigabytes. This pricing structure may be ideal my site for projects that have relatively small text file size however it can be costly for businesses that exchange large video or audio files.
The price of a VDR will depend on how much administrative access is granted to the system. Some providers permit unlimited admins. This makes the platform pricier; however this feature speeds up workflows and speeds the process of due diligence.
Some vendors allow for integration with other widely used platforms, such as Slack or Microsoft Office which improves the user experience and functionality. These features are usually more expensive than those that do not have integrations.
The duration of the project can affect the price of a virtual data room, since a vendor usually offers a set price for a period of time and then charges month-to-month after that. Certain vendors, such as DealRoom offer discounts for M&A deals and let you end your contract at the time the deal is complete. This option is more beneficial for companies that aren’t sure of how long their project will last.
