When selecting a Data Room vendor Choose an organization that offers a comprehensive software platform that is simple to use. A user interface that is simple for the CFO as well as an entry-level accountant is a good benefit, as will the customization options such as logos and color scheme. Some vendors provide additional services that aid in due diligence. These include training and consulting. These are very beneficial, particularly for small and medium-sized companies.
Many vendors provide a free trial that lasts anywhere from one week to a full month. This is a great way to test the software and compare it to other options. During the trial, you are able to test mock processes, such as checking documents against a due diligence check list. This will allow you to evaluate the effectiveness of each platform and figure out what value it will add to your business.
There are various pricing models for data rooms, such as per-page, per-storage, and per-user. Each one has its own advantages and drawbacks. Make sure to carefully evaluate each option before settling on one that’s within your budget. It’s also important to know what features you need and what aren’t. If you plan to use your VDR as part of M&A due-diligence, it could be worth including a recent captable. This will give investors an idea of how the company is funded at present and also what options are left for future hiring, and how equity of the founder is split among current investors.