The best virtual data rooms pricing is clear and is based on the project’s size and duration. Some companies charge per page, while others offer an unrestricted amount of storage and user licenses while some provide a monthly flat fee for unlimited access and usage.
For example investment banks frequently participate in M&A transactions that last for 10 months or more. They typically require 50GB of storage and 15 users. The total cost for an undertaking using a per-page pricing solution is $60,000. A provider who offers a flat-rate for the entire project could save you up to $35,000.
A common pricing structure is to charge a fixed amount of storage per user, and then charge extra if that limit is exceeded. This is a good option for small text file sizes however it’s not suitable for large images or video recordings.
The top virtual datarooms emphasize value over cost. Choose providers that offer useful features, such as customizable reports with color-coded document activity graphs, and a variety of export options. Consider whether the customer service is available 24/7 and helpful. Choose a platform that’s easy to use. Teams will want their energy to be focused on their most important projects and not learning the intricacies of a tool. It’s also more affordable to choose a service which allows clients to cancel at any time.
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