15 Ago Pricing Options for a Virtual Data Room
When a company decides to utilize a virtual data room there are two key features of the platform it needs: highly secure storage for documents why not try these out or files and the ability to access them to team members. Based on the type of industry and project, the number of users and duration there are various pricing options for a VDR that include per-page pricing, per-user pricing pricing based on size of storage or a monthly flat fee.
Many vendors charge by the number of gigabytes (GB). This pricing structure may work well for projects with relatively small text file sizes but can be costly for companies that are exchanging large audio or video files.
The cost of a VDR is also dependent on the amount of administrative access that is granted to the system. Some providers permit unlimited admins, which can make the platform more expensive. However it streamlines workflows and speeds the process of due diligence.
Integration with other platforms, like Slack or Microsoft Office (for instance) can enhance functionality and user experience. These features are usually more expensive than the ones without integrations.
The duration of the project can impact the cost of a virtual data room, as a vendor typically provides an agreed price for a number of months, and then charges month-to-month following that. Some vendors, like DealRoom, offer discounts for M&A deals and let you end your contract at the time the deal is completed. This option is best for businesses who are not certain about the duration of a project.
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