It is essential that you are familiar with all aspects of the transactions your clients make. This includes their data room. If your client needs an VDR for their M&A deal, a modern interface with granular access to documents and a strong team of support could make or break the process of negotiating.
You can learn more about the various providers by reading reviews on websites like Capterra or G2. Be wary of providers that have a lot of 5-star reviews but only one is from one specific industry or use case.
When you do your search, be sure to look for transparent pricing. Check if the plans have been clearly explained and know what features are included and which are optional. The absence of clear pricing is a red flag since it can lead to unexpected costs later down the line.
Find a flex VDR with an initial trial period. You should test the VDR out with your team to determine if it’s a good choice before you decide to invest in it. Beware of companies that don’t offer a trial period for free. You won’t be able to test the software in real-world situations and evaluate its usability, features, and performance.
Once you’ve selected the top three providers, schedule demonstrations with them to experience their system and their customer service. Be sure to take note of how responsive each provider is and ask questions related to cost, security, scaling capabilities, integration capabilities, and ease of use.
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