How Much Does a Virtual Data Room Cost?
The cost of a virtual data space can vary greatly based on the provider you choose. The cost-to quality ratio could depend on which features the vendor provides and how many employees use the software, and the extent to which you require advanced capabilities for due diligence, M&A or project management. A good VDR should have analytics capabilities that let the admin view user performance and allow users to quickly locate the information they require. It should also be compatible with mobile devices, be easy to use, and allow administrators to control access to security.
Some companies use an individual-page pricing system which charges between $0.40 and $0.85 for each document that is either scanned or uploaded. This is a great cost schedule for online deals that generate a small number of documents. It’s also a reasonable price for businesses that exchange only small text documents. However, if your projects exceed the limit, you may encounter high invoices and overage fees.
Other vendors offer a indataroom.com/due-diligence-data-room-for-the-companies-progress/ monthly flat rate. This is a great option for large projects with lengthy timeframes. This type of structure typically allows for unlimited users, pages and storage, and typically ranges between $400-$1,000 per month. FirmRoom charges a flat rate per month, which includes unlimited users as well as storage capacity, for an annual agreement.