If you’re working with clients to manage their data for M&A or due diligence or other purposes it can be very important that the tools that you employ are simple to set up and possess the appropriate level of security. You can’t afford to let them be vulnerable or have bugs that could pose a risk for the data that you share. This is especially true when it comes to companies that are looking to sell, raise money or do other activities.
In the same way, the manner in which your clients can utilize and comprehend the data room is important. Utilizing old, cumbersome tools can cause confusion and friction during the deal process. This can slow the deal and may cause issues. Modern, intuitive interfaces and features like view as well as granular access rights and reporting insights are crucial.
Another aspect to consider is the capacity of storage as well as the amount of users. Some data rooms charge by the GB, which is quite expensive for companies that have very massive amounts of data to store and share. Some data rooms charge a flat https://dataroombd.com/5-data-rooms-for-corporate-finance-deals rate per month and provide a set number of user licenses. This may be more affordable 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 a less common model, but it’s still out available and worth a look as an option if need to manage very high volumes of document pages.