When choosing a Data Room provider, choose one with an extensive platform that’s user-friendly. A user interface that is intuitive for the CFO and an entry-level accountants will be a huge asset, as will customization options like logos and colors scheme. Some companies offer additional services to aid with due diligence. These include training and consulting. These are particularly useful for small and mid-sized companies.
Many vendors provide a free trial that can last from one week to a full month. This trial offers an excellent opportunity to try the software and find out how it performs against competing alternatives. During the trial, you can simulate processes, like checking documents against a due-diligence check list. This will enable you to test the effectiveness of each platform and determine how much it will add value to your business.
There are several pricing models for data rooms, such as per-page, per-storage and per-user. Each model has its own advantages and disadvantages. Be sure to consider each option and select one that is within your budget. It’s also important to determine the features you require and which are optional. If you are planning to make use of your VDR as part of M&A due-diligence, it might be beneficial to include a current captable. This will provide investors with an understanding of how the business is funded today and what options remain for future hiring, and how equity of founders is split among current investors.