As M&A deals continue to take longer and more due diligence is required of the target companies, the requirement for a virtual data space is more vital than ever. Dealmakers find that the initial quote they receive for the virtual data room usually is not in line with the final invoice. In some cases the per-page or per-user cost quoted could end up being a lot (and sometimes 10x) more than what was originally estimated. This discrepancy can be attributed to complex pricing models, as well as additional features and services that aren’t required for the project.
Pricing models for virtual rooms may be very different with varying charges based on the amount of pages used to recurring fees based upon storage capacity. This is why it’s vital to determine the scope of a project prior choosing a VDR solution. The number of users, the amount of projects, and the length of projects are all factors that can determine the cost of the virtual data room will cost.
Be aware of your company’s needs and the advantages of various products available on the market to make the most appropriate decision. If you’re looking to integrate into existing systems to speed up your workflow or if 24/7 technical support for your team is a necessity and the price of a product will increase.
A subscription plan is a great option for businesses that have diverse requirements or are unable to anticipate the future requirements for data storage. This pricing model provides an amount of storage that is set and unlimited users as well as an adjustable time frame for preparation to meet your company’s requirements.