It is important to be familiar with all aspects of the transactions your clients make. This includes their data rooms. If your client needs a VDR for their M&A deal an interface that is modern, with granular permissions on documents and a solid team of support can have a major impact on the process of negotiating.
You can find out more about various providers by reading their reviews on websites like Capterra or G2. Be wary of providers that have a large number of 5-star reviews but only one of them is from a specific industry or use case.
Seek out transparent pricing in your study. Verify that the plans are clearly explained and be aware of the features included and what features are not. Insufficient transparency in pricing can lead to unexpected charges down the line.
Find a flexible VDR with the option of a trial. You should try the VDR out with your team to determine if it’s a good fit before you commit money. Make sure to avoid a service that doesn’t offer a trial period as it can limit your ability to assess the product’s usability, features and performance under real conditions without paying.
Once you’ve shortlisted some potential providers, arrange demos with them to experience their platform and their customer service. Make note of how responsive each provider is and ask them questions related to cost, security and scaling capabilities, integration capabilities, and ease of use.