Using virtual data rooms as part of M&A due diligence can save money as it eliminates the expense of paying reviewers to travel between offices and makes it much easier to exchange large volumes of confidential documents. It lets buyers review documents at their own speed and reduces the time required to complete due diligence. However, it is important to take into consideration the price of the VDR before making a decision on which one to choose.
Pricing for virtual data rooms can vary greatly between vendors. For instance, some vendors use the per-page pricing structure that can range from $0.40 and $0.85 per document. This is a good option for smaller projects that need less than a handful of documents, but will not be suitable for large projects that require hundreds or thousands of pages.
Other vendors calculate costs by the size of their storage or the number of users who are allowed to access the room. Some offer a predetermined amount of data storage for an unbeatable price, and charge www.dataroomjournal.info/the-benefits-of-using-a-data-room-for-contract-management-in-business-deals overages if you exceed that limit, and others allow unlimited storage for a flat monthly fee. This is a better option because it allows you to scale up or down the storage capacity as required without incurring additional charges.
In addition, it’s worth looking at the features in each pricing plan. Some providers provide full client management, which is crucial when working with clients or investors outside of your business. This can also help protect your confidential data. These features are not expensive, but they can save you money by avoiding costly misunderstandings and disputes regarding access rights.