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Pricing Options for a Virtual Data Room

https://douceandco.co.uk/how-to-determine-the-virtual-data-room-pricing-and-its-features/

When a company decides that it’s interested in using a virtual room, it requires two primary elements: highly secure storage of documents and files and easy access for team members. Depending on the type of industry or project and the number of users and their duration there are various pricing options for the VDR like per-page pricing, per-user pricing pricing based on storage size, or a flat monthly fee.

Many vendors charge by the number of gigabytes. This pricing method is suitable for projects with small text files, however it can be expensive for companies who exchange large audio and video files.

The cost of a VDR is also dependent on the administrative access granted to the system. Some providers allow for unlimited admins. This makes the platform more expensive. However it streamlines workflows and can speed the process of due diligence.

Integration with other platforms, like Slack or Microsoft Office (for instance) can enhance functionality and user experience. These options are typically more expensive than those without integrations.

The length of a project’s duration can often influence the cost of a data room. A company will typically decide on a price for set number of months and then charge month-to-month thereafter. Some vendors, like DealRoom, offer discounts for M&A deals and let you terminate your contract after the deal has been completed. This option is best for businesses that aren’t sure of the duration of a project.

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