When a company decides to make use of a virtual data room there are two main features of the platform it requires: secure storage for its files/documents and the ability to access them for team members. Depending on the type of industry or project as well as the number of users and their duration, there are different pricing www.douceandco.co.uk/international-transaction-management-managing-transactions-in-a-virtual-data-room/ options for a VDR including per-page pricing, per-user pricing, storage-size pricing or a monthly flat cost.

Many vendors charge according to the number of gigabytes. This pricing structure is ideal for projects with small text files, however it is costly for businesses who exchange large audio and video files.

The cost of a VDR is also dependent on the administrator access granted to the system. Certain providers allow unlimited admins, making the platform more expensive. However, this feature streamlines processes and speeds up due diligence.

Some vendors allow for integration with other commonly used platforms, such as Slack or Microsoft Office, which improves the user experience and functionality. These functions are usually more expensive than those that do not integrate.

The duration of the project is likely to influence the price of the virtual data room because a service typically offers an initial price for number of months, and then charges month-to-month following that. Certain vendors, such as DealRoom, will offer discounts for M&A transactions and also offer the option of rescinding the contract after the transaction is completed. This option is ideal for companies who aren’t certain of the length of the project.