If a company chooses to make use of a virtual data room there are two key aspects of the platform it requires: secure storage of documents and files and an easy access to team members. There his explanation are many pricing options available for a VDR depending on the project, industry, number of users and duration. These include per-page prices or per-user pricing.
Many vendors charge based on the number of gigabytes. This pricing method is suitable for projects with small text files, however it could be costly for businesses who exchange large audio and video files.
The cost of a VDR also varies based on how much administrative access is granted to the system. Certain providers permit unlimited admin access which could make the platform more expensive. However this feature helps streamline processes and speeds the process of due diligence.
Integration with other platforms, such as Slack or Microsoft Office (for example) can enhance functionality and user experience. These options are typically more expensive than those that do not have integrations.
The length of a project can affect the cost of a data room. A company will typically determine a cost for a certain number of months and then charge month-to-month thereafter. Some vendors, like DealRoom offer discounts for M&A deals and allow you to end your contract when the deal is complete. This option is ideal for businesses that aren’t certain of the length of a project.