When selecting a virtual information room, the pricing structure should be the primary aspect to take into account. Look for flat-rate options that allow unlimited users, durations of time and don’t charge overage fees. This model is superior to traditional per-page pricing models that data rooms often result in inflated invoices. SmartRoom’s comprehensive pricing policy will prevent any unexpected charges and make sure that the platform stays within budget.
In addition to a competitively priced service, be sure to look for features that can speed up the process of due diligence. This includes a sophisticated content management system that lets users zip large files together for faster upload speeds, and a smart search function which allows users to find documents easily. Smart data organization also lets administrators manage permissions and track access to documents. This is an important feature for investors seeking to keep sensitive data safe throughout the M&A process.
A smart VDR also lets you save documents that are not in use, ready to be used in the future. This will help you save time in the due diligence process by having all of the essential documents uploaded and arranged in advance. Furthermore, it can reduce the risk of supplementary questions from investors by having answers already available in a clear format.
You should consider a company that offers not only a virtual dataroom, but also complete lifecycle management that integrates project management. This allows you to manage all your private equity operations on one platform. This lets you spend less time managing various processes and more time closing deals.