Virtual data rooms are secure storage and exchange platforms that offer advanced capabilities for document management. They also have integrated capabilities for project management. This lets teams streamline communication and delegate tasks and track the progress of the project. They also enhance productivity and efficiency across the enterprise. However they can also be costly depending on the pricing policy of the vendor. Some vendors have the per-page or storage-based pricing policy some have a flat monthly cost.
Many VDRs still adhere to a per-page pricing structure, which can be very expensive for large projects that have a lot of documents. This pricing model can range between $0.40 and $0.85 per page. This is perfect for small projects that have a fixed number of pages and don’t require much storage space.
Some providers also limit the amount of storage they provide at a certain price and charge extra charges for overages. This can be a good alternative for smaller projects with only a small amount of storage, as it will help save on initial setup fees and monthly subscriptions. However, this pricing structure can be difficult to scale as the space for data grows.
Other providers might provide a set amount of storage, at a price that is based on project size and duration. They might offer a flexible storage plan according to the requirements of the project like unlimited GB or a flat rate per month. This is an excellent way to lower the chance of unexpected charges and to avoid excess fees.
