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How Much Does a Virtual Data Room Cost?

(Last Updated On: April 21, 2024)

The cost of a virtual data space can vary widely depending on the service you select. The cost-to-quality ratio can be determined by the features that the vendor offers, how many team members use the system, as well as whether you require advanced features for due diligence, M&A or project management. A good VDR should have analytics capabilities that let the admin view user performance and allow users to swiftly find the information they need. It should be user-friendly, mobile-friendly, and easy to use and let administrators control access security.

Some companies rely on an individual-page pricing system and charge between $0.40 and $0.85 for each document scanned or uploaded. This is a desirable fee plan if you result in a small amount of documents. It’s also affordable for businesses that exchange small text documents. But, if your deals exceed the limit, you may be faced with high fees and overage fees.

Some vendors charge a flat monthly fee. This can be ideal for large projects that have long timeframes. This structure typically allows for the storage of a certain amount as well as unlimited pages and users, and typically ranges between $400 and $1000 per month. FirmRoom for instance, charges a flat monthly fee which includes unlimited users as well as storage capacity for an annual contract.

https://www.indataroom.com/due-diligence-data-room-for-the-companies-progress/