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 makes it simpler to exchange large quantities of confidential documents. It lets buyers review documents at their own speed and reduces the time required to complete due diligence. However, it is important to consider the cost of the VDR before making a choice on which one to choose.
Virtual data room pricing can vary widely among vendors. For instance, some companies use a per-page price structure that can range from $0.40 and $0.85 per document. This may be a good choice for smaller projects that need an unspecified number of small papers however it becomes impossible for large projects that require hundreds, or even thousands of pages.
Other vendors set prices based on storage size or the https://dataroomjournal.info/what-is-a-due-diligence-report number of users allowed to access the room. Some offer a predetermined amount of data storage for an agreed-upon price and charge for overages if you exceed the limit, whereas others offer unlimited storage for a flat monthly cost. This is the most popular option since you can scale up or decrease your storage as required without incurring additional charges.
It is also worth looking at the features included in each virtual room pricing plan. Some providers offer full customer management, which is necessary when working with investors or clients who are not part of your company. This can also protect your confidential data. These services aren’t expensive, but they can save you money by preventing costly miscommunications and disputes over access rights.