Many investors and M&A advisors believe that all VDRs have the same cost. But the truth is, the pricing structures of virtual data rooms differ greatly. Some employ per-page, user, and storage size pricing models while others offer a fixed monthly cost. You can save time and money by selecting the most appropriate pricing model.
The flat-rate online data room plan is most popular, with plans ranging between $400 and $1,000. The typical flat-rate plan includes the number of users, a predetermined amount of storage space, and the option to add additional users or space as needed. It is an excellent choice for transactions and projects that require a high level of security.
Other vendors employ a per-gigabyte (GB) pricing model which ranges between $60 and $77 per month. This is a great option for projects with small text files, as it is more cost-effective than other options and eliminates fees for overage.
Some providers offer a per-user licensing model, which is best for teams that are limited to a specific number of team members. This pricing strategy might not be the best option for large projects because the cost of overage will be paid if the amount of licenses is exceeded.
Some providers offer a combination of these pricing models, and their pricing plans typically depend on the company’s industry as well as requirements for the project. The combination of these elements into consideration will aid you in selecting the best virtual data room for your needs.