It is crucial that you are familiar with all aspects of the deals your clients sign. This includes their data rooms. If your client needs an VDR for their M&A deal an interface that is modern, with granular permissions for documents and a solid team of support can make or break the process of negotiating.
You can learn more about the various providers by reading their reviews on sites like Capterra or G2. Be wary of a provider that has a lot of 5-star reviews but only one review from a particular sector or use case.
Seek out transparent pricing in your research. Verify that the plans are clearly explained. Also, know the features included and those that aren’t. A lack of transparency regarding pricing could lead to unexpected charges later on.
Find the VDR which offers an opportunity for trial. You should try the VDR out with your team to determine whether it’s a good choice before you decide to invest in it. Do not choose important source a vendor that does not offer a trial since it limits your ability to assess the product’s features, usability and performance in real-world conditions without having to pay.
Once you’ve selected the top three providers, schedule demonstrations with them to experience their platform and customer service. Ask them about their costs and security, as well as integration capabilities. Also, ask questions related to the scalability and user-friendliness of their platform.