When choosing a virtual room, it’s crucial to understand what makes a provider superior to the other. The best VDRs provide an intuitive and user-friendly interface and a robust digital rights management and a range of other security features that are crucial to the M&A due diligence process and beyond. They also facilitate collaboration and help the project manager address any issues or bottlenecks in order to guide the deal towards its desired outcome.
Highly-rated VDRs are simple to use, have no learning curve, and come with a 24/7 customer support team who is always available to address any questions. The most important things to consider when selecting a provider include the price as well as the functionality and reliability of their platform. Support is particularly important since users will be using the VDR in time-sensitive transactions and do not want to be bogged down by a confusing platform or have to wait for assistance from a call center.
If you are looking for a VDR one, it is important to check the capacities for storage and file size of each service. Some provide a fixed number of gigabytes at a fixed cost, whereas some offer a per-GB service with a variety of storage capacity options. In the latter case, a higher capacity may be required for more complex projects or a greater number of users. Some providers only support standard files, like Word documents or PowerPoint presentations and others support audio and video.