Using virtual data rooms as part of M&A due diligence saves money because it eliminates the requirement to pay for reviewers to travel between offices and it makes it easier to exchange large quantities of confidential documents. It allows buyers to examine documents at their own speed and reduces the time required to complete due diligence. It is crucial to consider the cost of the VDR before deciding which to use.
Pricing for virtual data rooms can differ greatly between vendors. Some companies charge $0.40 to $0.85 per page. This is a great option for smaller projects requiring less than a handful of documents, but it won’t work for large-scale projects that require hundreds or thousands of pages.
Other vendors determine costs based on storage size or the number of users permitted to access the room. Some offer a set amount of data storage at an unbeatable price, and charge for overages if you exceed that limit, and others offer unlimited storage for a flat monthly cost. This is the most popular option since you can scale up or down your storage as needed without incurring additional charges.
Additionally, it is worth taking a look at the features in the pricing of each virtual data room plan. Some providers offer full customer management, which is crucial when working with investors or clients outside of your organization. This can also help protect your confidential data. These features are not cheap, but can save you money by avoiding costly misunderstandings and disputes concerning access rights.
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