A virtual dataroom is a powerful tool to exchange sensitive data during critical business transactions. The sheer number of providers on the market and the pricing models make it difficult for businesses to navigate through the market and choose a solution that is cost-effective for their needs. The process of decoding the pricing for data rooms requires an understanding of the different models, features and considerations that impact prices. This article discusses the different pricing strategies employed by VDR providers and provides guidelines for evaluating and selecting plans that are financially feasible.
To compare the costs of data rooms You must first figure out what features your business or team requires. Determine if you will need the ability to change permissions and the number of users who will need access, and what size of storage you’ll require. Compare features against costs and see if you can test the platform in your project without limits.
Some data room providers use a per-page model in which users are charged per pages they upload to their VDR. This is an expensive model that can quickly accumulate. For example, a project with 15 users and 50 GB of documents could generate an invoice for over $10,000.
Other providers of data rooms have monthly flat-rate fees. FirmRoom has a flat monthly fee, which allows deal teams to concentrate on the transaction, instead of focusing on documents, users, or time overages. The flat-fee as well as per-page pricing options are both advantageous, but it is important to compare the cost-to quality ratio of each plan.
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