The most effective virtual data rooms offer transparent pricing structures dependent on the project’s size and duration. Some vendors charge per page, while others offer an amount of storage and licenses for users. Others charge a monthly fee that includes unlimited access.
Investment banks typically engage in M&A deals which last for 10 months or more. They require 50GB of space and 15 users. The total cost for an undertaking using the per-page pricing option will be around $60,000. A provider who offers a flat-rate for the entire project could save you as much as $35,000.
A typical pricing structure is to charge a certain amount of storage per user and then charge an additional amount when the limit is exceeded. This is great for text files that are small, however, it is not suitable for large images or video recordings.
The top virtual data rooms place value over cost. Find providers that offer useful features such as customizable reports, color-coded graphs of document activity, and flexible export abilities. Also, consider whether the provider’s Data Room Index: The Key to Streamlined Collaboration and Due Diligence support for customers is prompt and available 24 hours a day. In addition, choose an option that is simple to use. Teams want to concentrate their energy on crucial projects, not figuring out an intricate tool. Additionally, it’s usually more affordable to select a service that permits customers to end their subscription at anytime.