Pricing structure is a key factor to consider when choosing the right virtual dataroom. Choose a flat-rate pricing model which allow unlimited users as well as period lengths that do not include fees for overages. This is a better option than conventional per-page pricing that could cause overinflated invoices. A thorough SmartRoom pricing policy will allow you to eliminate any unexpected fees and ensure that the platform remains within budget.
In addition to a competitively priced service, be sure to look for features that can speed up the due diligence process. This includes a sophisticated content management system that allows users to compress large files for speedier upload speeds, and a smart search feature which allows users to find documents easily. Smart data management is also useful, as it permits administrators to set up granular permissions and monitor access to documents. This is a crucial feature for investors who want to secure sensitive data throughout the M&A processes.
A smart VDR also lets you store documents that aren’t in use, but ready for potential opportunities in the future. This will save time during due diligence, since all the required documentation is uploaded and organized ahead of time. Furthermore, it can help to reduce the probability of supplementary questions from investors by having the answers available in a clear format.
To make the most of your virtual data room, think about a service that provides not just a virtual data room but full lifecycle management capabilities with integrated project management. This is a single platform that can handle all of your private equity operations on one best-in-breed platform. This means you spend less time managing multiple different processes and more time closing deals.