The costs for data room services can vary significantly based on the virtual data room service you select. The cost-to-quality ratio is contingent on the features offered by a vendor, how many users are using the system and whether you require a more advanced feature to aid due diligence, M&A, or project management. A good VDR should have analytics that let an admin view user performance and allow users to swiftly locate the information they require. It should also be mobile-friendly, easy to use, and allow administrators to manage access security.
Some companies use an individual-page pricing system that charges between $0.40 and $0.85 for each document scan or uploaded. This is a good fee schedule for online deals that generate very few documents. It is also a reasonable cost for companies that trade small text files. If your projects go over this limit, you may face high charges or overage charges.
Other providers charge a monthly fixed fee. This is a great option for large projects that have long timelines. This type of structure typically allows for unlimited users, pages and storage. Typically, it’s between $400 and $1,000 per month. FirmRoom charges a flat cost per month, which includes unlimited users as well as storage capacity, in exchange for an annual contract.
