How Much Does a Virtual Data Room Cost?

The cost of a virtual data space can vary greatly based on the service you select. The cost-to-quality ratio varies on the features provided by the vendor, how many users are using the system and whether you need advanced functionality to support due diligence, M&A, or project management. A good VDR should include analytics that let an admin view user performance and allow users to quickly locate the information they require. It should also support mobile devices, be simple to use, and enable administrators to manage access to security.

Some providers charge between $0.40 and $0.855 per page for documents scanned or uploaded. This is a very attractive price plan if your online transactions produce a small number of documents. It’s also relatively inexpensive for companies exchanging small text files. If your projects exceed this limit, you could be faced with high invoices or overage fees.

Some vendors charge a flat monthly fee. This can be ideal for large projects with long timeframes. This kind of arrangement usually provides unlimited pages, users and storage. Typically, it’s between $400-$1,000 per month. FirmRoom, for example, charges a flat monthly fee that allows unlimited users and storage capacity for an annual contract.

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