As M&A deals continue to be more complicated and more due diligence is required of the target companies, the requirement for a virtual data space is more vital than ever. Dealmakers find that their initial quote for the use of a virtual data room typically doesn’t match the final invoice. In fact, in certain cases, the per-page per-user price quoted may end up being many times (and sometimes 10x) higher than estimated. This variation can be attributed to complex pricing models, as well as additional features and services that aren’t required to complete the project.
Pricing models for virtual data rooms can differ greatly, ranging from charges dependent on the number of pages used to recurring fees based on storage capacity. It’s important to know the precise extent of your project prior to selecting the right VDR. The number of users, the amount of projects, and the length of the project are all variables that can determine the cost of a virtual data room will cost.
To make the right choice make sure you consider your specific business requirements as well as the benefits of the various products on the market. If you’re in need of integrating with your existing systems to speed up your workflows or if 24-hour technical support for your staff is a necessity and the price of a product will increase.
A subscription plan is a great choice for organizations that have diverse requirements or are unable to anticipate the future needs for data storage. This pricing model provides a predetermined amount of storage, unlimited users and a flexible preparation period to fit your business’s needs.
