Companies that require highly secure storage for their data/information/documentation need a virtual data room (VDR) solution. However, it’s important to note that not all VDR vendors are equal in terms of pricing. Some offer more transparent pricing arrangements, while others have earned been known to be excessively expensive. When you’re evaluating the possibility of using a VDR you must first determine your budget as well as the amount of files you’re looking to upload. This will help you find a vendor that fits your needs and will avoid unanticipated costs or fees for overage down the road.
There are a variety of ways a virtual data room can be priced per page, by number of users, the amount of data stored, or a flat cost. Each of these options has pros and cons however, flat-fee pricing is thought to be the most transparent. It lets the deal team focus on the transaction and less on overage fees.
iDeals is an excellent example of an inexpensive yet technically advanced virtual data room. Their plans include 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 free trial period as well as a variety of subscription plans to select from. Fordata is, on the other hand, is more targeted at large businesses and offers a limitless number of The Ways How Data Rooms Can Prevent projects, admins and users as well as flexible storage up to 1TB.
