When choosing a virtual data room, you’ll see different pricing structures that you can select from. These range from per-page charges or user fees, to pricing for storage sizes and flat monthly fees. They differ from one vendor to the next, but in general they can run from just a few hundred dollars up to thousands of dollars annually for advanced virtual data rooms.
The per-page fee that ranges between $0.40 to $0.85, is ideal for small projects requiring a certain number of documents. However, this pricing system can quickly add up for larger projects. This could lead to hefty invoices and to overage charges. FirmRoom provides flat-rate pricing, which allows deal teams to focus on their project and negotiate an affordable price.
A common method to cost a data space is by offering a fixed price for a set period of time and then charging an annual fee. This is a great option for companies who don’t know the length of time a transaction will take. However it’s risky for M&A transactions, which often take longer than anticipated. Additionally, free virtual data rooms aren’t always reliable, because they don’t have a revenue stream to support customer service. In the event of downtimes your team could face unanticipated costs and decrease in productivity. The right data room cost will protect your business from unnecessary expenses and will make your deal more profitable.