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The cost of the virtual data room may vary greatly based on the service you select. The cost-to-quality ratio varies on the features offered by the vendor, how many users are using the service and whether you require advanced features to support due diligence, M&A, or project management. A quality VDR should include analytics capabilities that let the administrator review the performance of users and enable users why not find out more to quickly find the information they need. It should also work with mobile devices, be easy to use, and enable administrators to manage access to security.

Some companies rely on an individual-page pricing system, charging between $0.40 and $0.85 for each document scan or uploaded. This is a great fee plan if your online transactions result in a small amount of documents. It’s also relatively cost-effective for companies that exchange only small text documents. If your projects go over the limit, you could encounter high invoices or overage charges.

Other vendors offer a flat monthly cost which is ideal for projects with extended timelines. This arrangement typically provides unlimited pages, users and storage and is typically between $400 and $1,000 per month. FirmRoom charges a flat cost per month, which includes unlimited users and storage capacity, with an annual contract.