When choosing a virtual room companies must consider the number of users using the platform. The majority of vendors include a few administrative users in their tariff plans, while other users are charged separately. They may also offer features that increase security and restrict user activity like multi-factor authorization or granular permissions. Therefore, the more advanced features and security options will cost more than standard VDRs.
Some providers offer flat-rate prices that are based on the storage volume. These are great for large businesses that rely heavily on text documents, and aren’t able to work with video or audio files. The drawback of this method is that it doesn’t allow for additional file uploads or an unlimited storage space.
Other providers charge based on the number of megabytes are uploaded to their platform. Although this is less expensive than flat-rate pricing models it can cause users overspend on storage for data. If you upload too many documents your service will ask you to reduce the amount of information is stored.
M&A teams require a secure, reliable platform to share sensitive information with their business partners and clients. FirmRoom offers a variety of features that make it an ideal option for M&A. It offers drag and drop uploading, smart indexing and in-platform viewing to ensure that deal confidential documents stay safe and organized. It also offers an audit trail that allows you to see who downloaded, viewed and edited the documents. This feature is highly sought-after by investment bankers and managers of private equity this link firms who have to look over documents and comprehend the full scope and extent of changes in the document versions.