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Pricing Options for a Virtual Data Room

If a business decides to use a virtual data room there are two key aspects of the platform that need to be secure storage for documents or files and the ability to access them to team members. There are several pricing options available for a VDR dependent on the project or industry, the quantity of users, and duration. These include per-page prices or per-user pricing.

Many vendors charge by the gigabytes (GB). This pricing method is suitable for projects with small text files, however it could be costly for businesses exchanging large audio and 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 admin access which can make the system more expensive. However this feature helps streamline work flows and can speed the process of due-diligence.

Certain vendors allow integration with other widely used platforms, such as Slack or Microsoft Office that improves functionality and user experience. These options are generally more expensive than those that don’t integrate.

The length of a plan can affect the cost of the data room. A provider will typically decide on a price for specific number of months and then charge month-to-month thereafter. Some vendors, like DealRoom offers discounts for M&A transactions, and offer the option to cancel the contract once the transaction is completed. This is a good option for companies who aren’t certain of the length of the project.

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