Utilizing virtual data rooms as part of M&A due diligence saves money because it eliminates the expense of paying reviewers to travel between offices and it makes it easier to exchange large amounts of confidential documents. It also lets buyers review the documents at their own pace, reducing the time needed to complete the due diligence process. It is, however, important to consider the cost of the VDR before making a decision on which one to choose.
Pricing for virtual data rooms varies dramatically between different vendors. For instance, some vendors use pricing per page that varies between $0.40 and $0.85 per document. This might be a good choice for smaller projects that need a set amount of small documents however, it becomes unsustainable for large projects that involve hundreds or even thousands of pages.
Some vendors base their pricing on the size of the storage space or the number users who are allowed to access the space. Some providers offer a certain amount of storage at a fixed cost and charge extra in case you exceed that limit. Others provide unlimited storage with a flat-rate monthly fee. This is a better option since you can scale up or decrease your storage as required without incurring additional charges.
It is also their website worth looking into the features that are included in each pricing plan. Some providers provide full client management, which is vital when working with clients or investors outside of your business. This can also help protect your confidential data. These services aren’t cheap, but can save you money by preventing costly misunderstandings and disputes over access rights.