As an advisor, it is crucial to be informed about every aspect of your clients’ deals. This includes their data room. If your client requires an VDR for their M&A deal Modern interfaces with granular permissions on documents and a solid 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. Beware of providers that have a large number of 5-star reviews but only one is from an industry or use case.

When you do your investigation, look for clear pricing. Check if the plans are clearly outlined and understand the features included in each plan, and which are added ons. A lack www.vdrguide.com/onehub-vdr-review/ of transparent pricing is a red flag because it could result in unexpected costs later on.

Find a flexible VDR with an initial trial period. Make sure you have the opportunity to test the VDR with your team members and determine whether it’s an appropriate fit prior to making an investment. Beware of a vendor that doesn’t offer a trial period as it limits your ability to assess the product’s usability, features and performance under real conditions without having to pay.

After you’ve narrowed down the top three vendors, schedule demos with them to experience their platform and customer support. Ask them about their costs and security, as well as integration capabilities. Also ask questions regarding the scalability and user-friendliness of their platform.