When you select a virtual storage room, you’ll see various pricing structures to choose from. There are many Web Site pricing structures to choose from, such as per-page fees, user fees and storage sizes, as well as flat monthly fees. They vary from one vendor to the next, but they range from several hundred dollars to thousands of dollars annually for advanced virtual data rooms.
The per-page charge, which can range between $0.40 to $0.85, is perfect for small projects that need a specific number of documents. This pricing structure can quickly increase for larger projects. It can also lead to excessive invoices and overage fees. With flat rate pricing, such as the one provided by FirmRoom, deal teams can focus on data and user averages and focus on negotiating a fair price for their project.
Another common method of data room pricing is to set a price for a set number of months, and then charge a monthly fee following that. This is a great option for companies who don’t know what time a transaction is likely to take. However it could be risky for M&A transactions, which usually will take longer than originally planned. Free virtual data rooms can be unreliable, since they don’t have a revenue stream that could support customer service. If they go down, your team can face unforeseen costs and loss of productivity. The right cost for a data room will help you avoid unnecessary expenses and make your business more profitable.