How Much Does a Virtual Data Room Cost?

The cost of the virtual data room may vary widely depending on the service you select. The cost-to-quality ratio may depend on which features the vendor offers, how many team members utilize the system, and the extent to which you require advanced capabilities for due diligence, M&A or project management. A quality VDR will come with analytics capabilities, which permit admins to see the performance of users. Users will also be able to swiftly search for information. It should also be mobile-friendly, easy to use and let administrators manage access security.

Some providers charge between $0.40 to $0.855 per page for documents that are scanned or uploaded. This is a great fee schedule if your online deals produce a limited amount of documents and is relatively cost-effective for companies that exchange only small text documents. If your projects exceed the limit, you could be confronted with high invoices or overage charges.

Other vendors offer a monthly flat rate. This is an ideal option for large projects that have long time frames. This structure usually allows for unlimited users, pages and storage, and typically ranges between $400-$1,000 per month. FirmRoom is an example. It offers a flat monthly price that allows unlimited users and storage capacity for an annual contract.

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