Pricing for virtual data rooms can differ significantly depending on the company, their package and the features included. Some charge per page, while others charge per user or per project. Others offer a flat price per month. Choosing the right one for your needs requires careful thought and a thorough understanding of the features you will need to finish the job. We’ve heard of horror stories of M&A professionals consuming massive invoices due to overage fees and extended timelines, so it is important to choose an M&A vendor that has a fair and equitable pricing model.
The most common application for a VDR is due diligence in the course of a financial transaction. Both the sell-side (buy-side) and the buy-side (sell-side) must review massive amounts of documentation. A virtual data room that has robust features is the best solution. Some providers offer infinite scrolling, which could reduce the number of clicks needed to view a document or folder. This can be a significant time-saver for teams. Other features worth looking for include the ability to create granular security that allows users to access only those documents they require and limit access to certain file types. Additionally, a good VDR will let you mark files and folders as favorites, which can speed up the review process by allowing you to quickly go back to documents of interest.
When evaluating VDR pricing it is important to take into account how much you require the storage size and the number of users to complete your project. In this case the case, a month-to month plan is usually the best option as you can scale your usage up or down according to the project. If you intend to use the dataroom on a regular basis and require a reliable repository for relevant documents, an annual plan might be better suited.