There are many variables that determine which data storage space will be able to meet the needs of a given company. This includes the size of storage, the number of users, and the length of a deal or project. The cost of the VDR should also be considered. Many VDR providers have a variety packages that are suited to various kinds of businesses and projects. Certain VDRs are more expensive than others but this doesn’t mean they’re inferior.
Some vendors have pricing models that are based on the number of GBs that a project requires. This is ideal for small teams, and can save money on storage for data. Other providers offer a flat monthly fee that allows for unlimited users and unlimited pages of documents. One example is FirmRoom, which costs $400 per month and is charged annually and provides a 10 GB storage capacity for data.
Some vendors use pricing per page which can be expensive. This is a traditional pricing model for VDRs, however, it is a good option for smaller projects if the company is aware that there will be a certain number of documents that need to be stored. This model is able to range between $0.40 and $0.90 per page, and might require an user license.
The cost of an online data room may be a major factor especially for new businesses with limited resources. There are many options for startups who want to minimize the cost of a virtual space and still provide a secure and intuitive environment for business transactions.