Pricing Options for a Virtual Data Room

If a business decides it would like to utilize a virtual room, they need two primary features: highly secure storage of documents and files and easy access for team members. There are many pricing options for a VDR depending on the project or industry, the quantity of users, and duration. This includes per-page pricing or per-user pricing.

Many vendors charge based on the number of gigabytes. This pricing structure is ideal for projects that have relatively small text files, but is costly for businesses who exchange large audio and video files.

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

Some vendors allow for integration with other commonly used platforms, like Slack or Microsoft Office that improves the user experience and functionality. These options are typically more expensive than the ones without integrations.

The duration of the project can affect the cost of a virtual data room, because a service typically offers the price how to handle commercial transactions for a number of months, and then charges month-to-month after that. Certain vendors, such as DealRoom offer discounts for M&A transactions and provide the option of rescinding the contract after the transaction is completed. This option is beneficial for businesses that are not sure of how long their project will last.