When selecting a data room, businesses should consider the number of users who will have access to the platform. The majority of vendors include some administrative users in their tariff plans, whereas additional users are charged separately. Additionally, vendors can offer features that increase security and restrict user activity such as multi-factor authentication or granular access rights. Therefore, the more advanced features and more secure options will cost more than standard VDRs.
Certain providers offer flat-rate rates that are based on the storage volume. They are perfect for companies that are heavily dependent on text documents and don’t work with audio or video files. This model has the disadvantage of not allowing for unlimited storage or even more uploads of files.
Other providers cost based on the number of megabytes uploaded to their platform. This might be less expensive than flat rate pricing, but it could lead to users overspending on storage for data. This is because if you upload too many files, your provider will notify you and ask you to reduce the amount of data that is stored.
M&A teams require a secure and reliable platform to share sensitive data with this link their clients and partners. FirmRoom provides a variety of features that make it a great choice for M&A projects. It offers drag and drop uploading, smart indexing, and in-platform viewing to make sure that confidential documents from deals remain protected and organized. It also offers an audit trail that lets you know who downloaded, viewed and edited which documents. This feature is highly regarded by private equity and investment bankers managers who need to review documents and understand the complete range of changes that have occurred in the document version.