In M&A due diligence and other deals virtual data rooms play an essential role. They allow businesses to simplify their processes, assist with decision-making, and speed up closing deals. Many companies struggle to determine what a virtual room is due to the variety of prices offered by various vendors.
The cost of a room can differ based on features such as IP-based restrictions or custom roles for users. The capacity of a data room can also affect the price. For instance, a higher number of concurrent users could increase storage space costs and will require more bandwidth to manage the demands.
Some virtual data rooms charge per user, a pricing model that is different between vendors. This pricing model is usually the most affordable option for projects with a limited number administrators. It is important to be aware that some providers of data rooms charge up to $250 for each administrative user.
Another popular pricing model is by storage volume. This model offers a predetermined amount of data storage which is usually enough for most small-to-medium projects. If a business requires more storage, they can purchase additional GBs.
Flat-rate pricing is also a common. This type of pricing allows businesses to pay a set amount per month for a set number of users, administrators projects, and storage. This model isn’t necessarily the most affordable, however it is favored by a lot of users since they don’t have to be stunned by the high cost.