Using virtual data rooms as part of M&A due diligence saves money by eliminating the cost of paying for reviewers to travel between offices, and it makes it easier to exchange large amounts of confidential documents. It allows buyers to look over documents at their own pace, and reduces the time required to complete due diligence. However, it is important to consider the cost of the VDR before making a decision on which one to choose.
Virtual data room pricing can vary widely among vendors. For instance, some vendors use pricing per page that varies between $0.40 and $0.85 per document. This is a great option for smaller projects that need a small number of documents, but it won’t work for large-scale projects that require hundreds or thousands of pages.
Some vendors base their pricing on the size of the storage space or the number of users allowed access to the space. Some offer a set amount of storage for data at an upfront cost and charge for overages if you exceed that limit, and others offer unlimited storage for a fixed monthly fee. This is the most popular option because you can increase or down your storage as required without incurring additional costs.
In addition, it’s important to consider the features that are included in each virtual data room pricing plan. Some providers offer complete client management capabilities, which are essential for working with outside investors or clients. These features can help protect your confidential information. These capabilities aren’t expensive, but can save you money by preventing costly miscommunications and disputes regarding access rights.