Pricing Options for a Virtual Data Room
When a company decides that it is interested in using a virtual room, it requires two essential features: highly secure storage of documents and files, and easy access for team members. Depending on the industry and project as well as the number of users, and duration of the project, there are a variety of pricing options for the VDR, such as per-page pricing, per-user pricing, pricing for storage size, or a flat monthly fee.
Many vendors charge based on the number of gigabytes. This pricing model may be ideal for projects that have relatively small text file sizes but can be expensive for companies that are exchanging large video or audio files.
The price of a VDR will depend on the amount of administrative access is granted to the system. Some providers allow unlimited admins which could make the platform more expensive. However this feature simplifies work flows and can speed the process of due diligence.
Some vendors allow for integration with other widely used platforms, like Slack or Microsoft Office which improves functionality and user experience. These options are typically more expensive than those that do not have integrations.
The duration of the project is likely to influence the price of the virtual data room since a vendor usually offers an initial price for certain number of months and then charges per month after that. Some vendors, like DealRoom offer discounts for M&A deals and allow you to end your contract at the time the deal is complete. This option is better for companies that aren’t certain about the duration of the project.