When selecting a virtual data room, companies must take into consideration the number of users that will use the platform. Typically, vendors will provide only a handful of administrative users as part of their price plans, while other users will require additional fees. Some vendors also provide features that enhance security and restrict user activity for example, multi-factor authorization or restricted permissions. The more advanced features, and enhanced security options will cost more than the standard VDRs.
Some providers offer flat-rate pricing based on the amount of storage employed. These are great for large businesses that rely heavily on text documents and do not work with video or audio files. This model has the this link disadvantage of not allowing unlimited storage space or more uploads of files.
Other providers charge based on the amount of megabytes uploaded on the platform. This might be less expensive than flat rate pricing, however it could lead to users spending too much on storage. This is because when you upload a large amount of files, your service provider will notify you and ask you to reduce the amount of data you store.
M&A teams need a reliable and secure platform to share sensitive data with their clients and partners. 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 the confidential documents of deals are safe and organized. It also comes with an audit trail that lets you know who downloaded, viewed and edited the documents. This feature is highly appreciated among investment bankers and managers of private equity firms who need to examine documents and understand the scope and depth of changes to versions of documents.