A virtual dataroom (VDR) can be a powerful tool that can improve mission-critical processes and transactions, address bottlenecks, and direct them towards achieving the desired outcomes. There are many different VDRs are created equal and selecting a poor one could place your data at risk of theft, unauthorised access or loss.

Consider carefully the way a vendor is compared to other vendors based on these key criteria.

Pricing

Pricing is among the most important and often overlooked differences between VDR providers. Many older providers charge per document that is acceptable for small projects or with well-defined document structures. However this isn’t a good choice for larger transactions, or M&A due-diligence. Newer providers tend to provide flat-rate pricing, which is an ideal choice for large or lengthy projects. The flat-rate monthly charges include unlimited pages, users and storage.

Permission Settings

The granularity of the permissions settings in the permissions settings of a VDR can significantly impact your ability to comply with confidentiality obligations and avoid misunderstandings. Consider options such as “view only” or the option to activate a watermark to prevent downloading of files intended to be used for consultation. Be sure to explore extensive activity logs that can help you identify obstacles to workflow, assess the level of engagement of your team and increase internal transparency.

https://webdataroomcenter.net/navigational-processes-for-data-rooms/

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