It is crucial to be familiar with all aspects of the deals your clients make. This includes their data rooms. If your client needs an VDR for their M&A deal, a modern interface with granular authorizations for documents and a strong team of support can be the difference between success and failure in the process of negotiating.
You can learn more about different providers by reading reviews on sites like Capterra or G2. Be wary of a service that has a lot of 5-star reviews but only one from one particular field or usage case.
During your investigation, look for virtual board meetings clear pricing. Verify that the plans are clearly explained. Also, know the features included and which are optional. A lack of transparency regarding pricing is a red flag because it can lead to unexpected costs down the road.
Find a flex VDR with an initial trial period. You should be able to test the VDR with your team members and determine whether or not it is suitable before you make a financial commitment. Avoid providers that don’t offer a trial period for free. You won’t be able to test the product under real-world conditions and evaluate its features, usability, and performance.
Set up demos after you’ve narrowed down your list of potential providers to gain a better understanding of their services and support for customers. Ask them about cost security, integration and security capabilities. Also ask questions about scalability and ease of use.