It is crucial that you are aware of all aspects of the transactions your clients sign. This includes their data rooms. If your client requires a VDR for their M&A deal an interface that is modern, with granular permissions for documents and a strong team of support can be the difference between success and failure in the process of negotiating.
You can find out more about the different providers by reading reviews on websites like Capterra and G2. Be wary of a provider that has many 5-star ratings but only one review from a particular field or usage cases.
When you do your research, you should look next for transparent pricing. Verify that the plans are clearly explained and be aware of the features included and those that aren’t. Lack of transparency in pricing is a red flag since it could result in unexpected costs later on.
Find a flex VDR with an initial trial period. You should try the VDR out with your team to determine if it’s a good match before you make a commitment. 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 software in real-world conditions and assess its features, usability, and performance.
Once you’ve shortlisted several potential providers, schedule demos with them to learn more about their platform and their customer service. Be sure to keep track of how responsive each is and ask questions related to security, cost, integration capabilities, scalability and usability.
