Companies that require highly secure storage for their data/information/documentation need a virtual data room (VDR) solution. However, it’s important note that not all VDR providers are created equal when it comes to pricing. Certain VDRs have transparent pricing and some are known for their price. When you’re evaluating the possibility of using a VDR, you should first establish your budget and the number of files you’re looking to upload. This will enable you to choose the best vendor to meet your needs and will avoid unexpected costs or overage fees later on.
There are several methods to price a virtual dataroom. They can be priced by page, by number of users, the quantity of data stored or by a fixed price. Each of these has pros and cons for particular businesses but the flat-fee cost structure is thought to be the most transparent. It lets deal teams focus less on the cost of overage and more on what’s best for the transaction.
iDeals provides a good example of an online data room that is both affordable and functionally advanced. The plan provides 24/7 support, a simple document upload and management, advanced security features, and an DVD of the archive at the conclusion of the transaction. They also offer a complimentary trial period, and a range of subscription plans you can pick from. Fordata is targeted at large companies and provides unlimited projects, admins and users and a flexible 1TB of storage.