It is vital that your tools are easy to use and secure when working with clients to manage their data for M&A or due diligence. It’s not possible to afford for them to be prone to vulnerabilities or bugs that pose in danger to the data that you share, particularly if it’s related to a company trying to sell or raise funds or other tasks that could be affected by any issue in this area.
It is crucial that your clients know how to utilize the data room. Using outdated, bulky tools can cause confusion and friction with your client during the deal process which can slow things down and possibly lead to issues that could influence the result of the deal. Modern, user-friendly interfaces that include features like view as well as granular access rights for access and insights into reporting are vital.
The capacity of storage and the number of users are important factors. Some data storage facilities charge by the GB which can be very expensive for companies with massive amounts of data to store and share. Some offer a monthly flat fee and include a specific number of user licenses. This may be more cost-effective for some.
Some vendors also offer a per-page price model, which can get expensive if you must manage and share a large number of documents. This is not a very popular model however, you should take a look if you need to manage large volumes of documents.
https://dataroombd.com/choosing-the-perfect-vdr-provider-a-comprehensive-guide/
