As an advisor, it’s important to be informed about the various aspects of your clients’ deals. This includes their data rooms. If your client’s M&A transaction requires the use of a VDR with a modern, intuitive interface with granular document permissions and a strong support team can make or break their deal process.
You can learn more about the different providers by reading reviews on sites like Capterra and G2. Be wary of companies that have many 5-star reviews, but only one is from a specific industry or case.
Seek out transparent pricing in your research. Be sure that the plans you are considering are clearly explained, and be aware of the features included and which are optional. Inconsistency in pricing can lead to unexpected charges later on.
Look for a flexible VDR with an initial trial period. Ensure you can test out the VDR with your team and determine whether it’s an appropriate fit prior to making an investment. Don’t choose a provider that doesn’t provide an opportunity to try the product for free. You won’t have the opportunity to test the VDR in real-world conditions and assess its capabilities, usability and performance.
Once you’ve identified several potential vendors, schedule demos with them to get a feel for their platform and their customer support. Be sure to keep track of how responsive each one is and ask questions related to security, cost and scaling capabilities, integration capabilities, and ease of use.
https://www.vdrguide.com/how-to-watch-private-youtube-videos