How to Evaluate Virtual Data Room Pricing
Pricing is an important aspect of any virtual data room project. It is vital that you pick the right solution to meet your needs, since the cost can be wildly different. There are a variety of approaches that VDR vendors use that range from per-page pricing to flat monthly or yearly fees.
When evaluating virtual data room the first thing to consider is the type of services needed by your company. Then, figure out how many users your project will require. Some VDR providers have fixed rates for a set number of administrative users. Others might have one-time fees for all users which is increased if you go over the limit.
Another method for determining virtual data room pricing is to examine the storage capacity that the service offers. This is important, especially if you need to store large files. Certain VDR vendors charge per Gigabyte and some have a storage limit that they charge additional fees for.
Certain VDR providers base their pricing on the amount of documents stored. This is a great option for M&A professionals as it allows them to track the amount of documents in a transaction and also avoids overage fees.
Request testimonials and success stories from clients when you are looking for a trustworthy vendor of virtual data rooms. You will usually find these on their website, and there is an individual section that lists the industries they work with. Additionally, make sure the vendor is vetted for security and has a customer service team that is available 24/7.