If a company chooses to utilize a virtual data room it is important to consider two primary elements of the platform require secure storage for its files/documents and the ability to access them for team members. There are a variety of pricing options available for a VDR depending on the type of project, industry, amount of users and length. These include per-page pricing or per-user pricing.
Many vendors charge based on the gigabytes (GB). This pricing model may be suitable for projects with relatively small text file size but it can be costly for companies exchanging large audio or video files.
The price of a VDR will depend on the amount of administrative access is granted to the system. Some providers permit unlimited admins, which makes the platform pricier; however it streamlines processes and speeds the process of due diligence.
Some vendors allow for integration with other widely used platforms, such as Slack or Microsoft Office that improves functionality and user experience. These features are usually more expensive than the ones without integrations.
The length of a plan can be a factor in the cost of a data room. A vendor will typically establish a price for a specified number of months, and then charge month-to-month thereafter. Certain vendors, such as DealRoom, will offer discounts for M&A transactions and also offer an option to end the contract once the transaction is completed. This option is beneficial for businesses that are not certain how long how to handle commercial transactions the project will last.