If a company decides to use a virtual information room there are two key elements of the platform it needs: highly secure storage of documents and files and an easy access to team members. There are several pricing options available for a VDR based on the project or industry, the number of users and duration. This includes per-page pricing or per-user pricing.
Many vendors charge according to the number of gigabytes. This pricing structure may be suitable for projects with small text file sizes but it can be costly for companies that trade large audio or video files.
The price of a VDR is also dependent on the amount of administrative access is granted to the system. Certain providers permit unlimited admins, making the platform pricier; however this feature can streamline workflows and can speed the process of due diligence.
Integration with other platforms, such as Slack or Microsoft Office (for instance), can improve functionality and user experience. These options are generally more expensive than those that do not integrate.
The why not try these out length of a plan can affect the cost of the data room. A vendor will typically determine a cost for a set number of months and then charge month-to-month afterward. Some vendors, like DealRoom offer discounts for M&A deals and let you cancel your contract once the deal is concluded. This option is more beneficial for companies that aren’t certain how long the project will last.