When you select a virtual storage room, you’ll find a variety of pricing structures to select from. These include per-page charges, user fees, storage size pricing, and flat monthly fees. The costs vary from vendor vendor, but can vary from a few dollars to thousands of dollars annually for advanced virtual data room.
The per-page price is a variable that can vary between $0.40 to $0.85 is ideal for small projects that require a specific number of documents. However, this pricing system could quickly become expensive for larger projects. This can also lead high invoices and even overage charges. FirmRoom offers flat-rate pricing which lets deal teams focus on their project and negotiate a fair price.
A popular method of pricing a data space is to set an unbeatable price for a certain period of time and then charging an annual fee. This is great for companies that don’t know how long their transaction will take, however it’s an unwise choice for M&A transactions, which frequently end up taking longer than anticipated. Additionally, free virtual data rooms aren’t always reliable since they don’t provide any revenue stream to fund customer service. In the event of a downtime your team could be faced with unexpected costs and decrease in productivity. The right data room cost will protect your business from unnecessary costs and help make your deal more profitable.