When choosing a Data Room vendor make sure you choose a comprehensive platform that is easy-to-use. A user interface that is simple for the CFO and an entry-level accountants will be a huge benefit, as will the customization options like logo and color scheme. Some vendors also offer extra services that can aid with due diligence, including training and consulting. These are valuable, especially for smaller and medium-sized businesses.
A lot of vendors offer a free trial that can last from a week to a month. This is a fantastic opportunity to test out the software and compare it with other options. During the trial, you can run mock processes such as comparing documents against a due diligence check list. This will allow you to gauge the effectiveness of each system and determine what value it will enhance your business.
There are several pricing models for data rooms, such as per-page, per-storage, and per-user. Each has its advantages and disadvantages. Be sure to carefully consider each option prior to settling on one that fits your budget. It’s essential to know what features Intralinks VDR are necessary and which are optional. For instance, if you’re planning on using your VDR for M&A due diligence, it could be beneficial to include a current cap table. This will provide potential investors with an understanding of how your company is funded, what options remain for future hiring, and how the founder equity is divided between existing investors.
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