It is vital to be familiar with all aspects of the deals your clients make. This includes their data room. If your client needs a VDR for their M&A deal, a modern interface with granular authorizations for documents and a solid team of support can make or break the deal process.

You can learn more about various providers by reading reviews at websites like Capterra or G2. Be wary of companies that have numerous 5-star reviews, but only one is from a specific industry or case.

During your investigation, look for clear pricing. See if the plans are clearly explained and know what features are included in the plans and which are added ons. A lack of transparency regarding pricing can result in unexpected charges down the line.

Find the VDR which offers an opportunity to test the product for a period of time. You should test the VDR out with your team to determine whether it’s a suitable choice before you decide to invest in it. Make sure to avoid a service that doesn’t provide a trial, as it may limit your ability to test the product’s usability, features and performance under real-world conditions without paying.

Demos can be scheduled once you’ve narrowed down your list of possible providers to get a feel of their customer service and platform. Be sure to keep track of how responsive next they are and ask them questions pertaining to cost, security and scaling capabilities, integration capabilities and user-friendliness.