https://dataroomtech.org/the-necessity-of-data-room-reviews
Do not be fooled by the marketing hype to evaluate the potential providers of virtual data rooms. Review the reviews of multiple sources including software review websites and customer feedback to get a clear understanding of whether the provider keeps its word. Compare pricing plans and ensure they’re within your budget. Also consider the level of support available 24 hours a day and what channels (email and phone tend to be quicker than chat).
Once you’ve identified the essential features you need for your project, search for a service that is able to support these functions. If you’re sharing documents with a large number of people, you should look for features that accelerate your due diligence process. Other useful features include user permissions for granular users as well as activity and file tracking watermarking, as well as a robust data encryption.
Many data room providers offer different pricing structure. Some charge per page, with additional pages requiring an overage. Some providers charge per GB, with unlimited users. Other providers charge on a per-user basis with a set number of users included and an additional cost for each additional user.
In the end, the top data room providers provide great value for their services. Avoid providers that rely heavily on gifts and drinks as a way to impress clients. They’ll likely invest more time in these perks rather than improving their product. Select a company that is focused on providing the quality and functionality that you need to be successful with your M&A deal.
