Pricing Options for a Virtual Data Room

If a business decides it’s interested in using a virtual room, it needs two main features such as secure storage of documents and files, and easy access for team members. There are many pricing options for a VDR dependent on the project and the industry, as well as the amount of users and length. This includes per-page pricing or per-user pricing.

Many vendors charge by the number of gigabytes. This pricing structure is great for projects that have relatively small text files, however it could be costly for businesses who exchange large audio and video files.

The cost of a VDR is also dependent on how much administrative access is granted to the system. Certain providers permit unlimited admin access which can make the platform more expensive. However this feature can streamline processes and speeds the process of due diligence.

Integration with other platforms, such as Slack or Microsoft Office (for example), can improve the user experience and functionality. These integrations are typically more expensive than those without integrations.

The length of a project can affect the cost of the data room. A company will typically establish a price for a specific number of months and then charge monthly thereafter. Certain vendors, such as DealRoom, will offer discounts for M&A transactions, and offer the option of cancelling the contract once the transaction has been completed. This option is ideal for businesses who are not certain of the other length of the project.