It is important that you are aware of all aspects of the transactions your clients sign. This includes their data room. If your client requires an VDR for their M&A deal an interface that is modern, with granular access to documents and a strong team of support can have a major impact on the process of negotiating.
You can learn more about various services by reading reviews on sites like Capterra or G2. Be cautious https://www.vdrguide.com/how-to-watch-private-youtube-videos of providers who have numerous 5-star reviews, but only one of them is from one specific industry or use case.
Seek out transparent pricing in your research. Look for plans that are clearly laid out and you know the features included in each plan and what are add ons. A lack of transparency regarding pricing could lead to unexpected charges later on.
Look for a flexible VDR with an opportunity to test it out for a trial period. It is recommended to test the VDR out with your team to determine whether it’s a good fit before you commit money. Make sure to avoid a service that doesn’t offer a trial as it may limit your ability to evaluate the product’s features, usability and performance under real conditions without spending.
Schedule demos once you’ve narrowed down your choices of providers to get a sense of their capabilities and customer support. Ask them questions about costs and security as well as integration capabilities. Also ask questions about scaling and the ease of use.
