The most effective virtual data room pricing is clear and based upon the size of the project and duration. Some companies charge per page, while others provide an amount of user licenses and storage, and some offer a monthly fee for unlimited access and usage.
Investment banks typically engage in M&A deals that last for 10 months or more. They require 50GB of space and 15 users. The total cost of such an undertaking using a per-page pricing solution would be $60,000. On the other hand, a vendor with a flat rate for the entire project could save you $35,000.
Another popular pricing model involves charging a certain amount of storage space for a set number of users, along with additional charges if the storage limit is exceeded. This option is good for text files that are small, but not for large pictures or video recordings.
The best virtual datarooms prioritize value over cost. Choose a provider that offers useful features, such as customizable reports with color-coded document activity graphs, as well as flexible export options. Also, think about whether the company’s customer support is helpful and available around the clock. Choose a platform that’s user-friendly. Teams want to concentrate their efforts on important tasks, not figuring out a complex tool. It’s also more affordable to choose a provider that allows customers to cancel at anytime.
Streamlining Due Diligence with Data Rooms: A Modern Solution