If a business decides it’s interested in using a virtual room, they require two essential features that are highly secure storage of documents and files, and easy access by team members. Depending on the type of industry or project in terms of the number of users and their duration there are various pricing options for a VDR like per-page pricing, per-user pricing, pricing based on size of storage or a monthly flat cost.

Many vendors charge based on the number of gigabytes. This pricing https://douceandco.co.uk/how-to-handle-commercial-transactions/ model is perfect for projects that have relatively small text files, but could be costly for businesses trading large audio or video files.

The price of a VDR is also influenced by the administrative access granted to the system. Certain providers permit unlimited admin access which could make the platform more expensive. However, this feature streamlines processes and speeds the process of due-diligence.

Certain vendors allow integration with other commonly used platforms, such as Slack or Microsoft Office that improves functionality and user experience. These integrations are typically more expensive than those that do not have integrations.

The duration of the project is likely to determine the price of a virtual data room, since a vendor usually offers a set price for a certain number of months and then charges per month after that. Certain vendors, like DealRoom offers discounts for M&A transactions and also offer the option of cancelling the contract once the transaction has been completed. This option is beneficial for companies who aren’t certain how long the project will last.