When choosing a virtual data room, businesses should consider the number of users that will access the platform. The majority of vendors include a few administrative users in their pricing plans, while other users are charged separately. Vendors may also offer features that increase security and limit user activities like multi-factor authorization or more granular permissions. The more advanced features, and enhanced security options, will cost more than the standard VDRs.

Some providers offer flat-rate pricing that are based on the storage volume. These are ideal for companies that rely heavily on text documents and do not work with audio or video files. The drawback to this model is that it doesn’t permit more file uploads or unlimited storage space.

Other providers cost based on the number of megabytes uploaded on the platform. This could be less expensive than flat rate pricing models, however it could lead to users overspending on storage. If you upload too many documents, your provider will ask you to limit the amount of information is stored.

M&A teams require an this link efficient and secure platform to share sensitive data with their partners and clients. FirmRoom has a number of features that make it a great option for M&A. FirmRoom offers drag and dropping uploading, smart indexing and in-platform viewing, ensuring that confidential documents are secured and arranged. The platform also comes with an audit trail that lets you see who has downloaded, viewed and modified documents. This feature is highly sought-after among managers and investment bankers of private equity firms who need to scrutinize documents and grasp the full extent and scope of changes to documents.