A virtual dataroom (VDR) can be a useful tool to simplify mission-critical processes and transactions, reduce bottlenecks and guide them towards the desired end. However not all VDRs are designed equal, and selecting the wrong one could put your crucial documents at risk of unauthorized access or theft.
Think carefully about how a vendor’s performance compares to other vendors on these essential aspects.
Pricing
One of the biggest and most overlooked differences among VDR providers is their pricing system. Many legacy providers charge per document basis and, while this might work for small-scale projects with well-defined document structures but it’s not ideal for larger, more complex deals or M&A due diligence. The flat-rate pricing offered by the newer providers is a more appealing option for large projects or long-term contracts. The flat-rate monthly charges include unlimited pages, users, and storage.
Permission Setting
The level of granularity in the permissions settings can have a significant impact on your ability to protect confidentiality and avoid misunderstandings. Check for options such «view only» and the option to activate watermarks to prevent downloads of files that are meant for consultation only. Check out detailed activity logs that assist you in identifying workflow obstacles and assess the level of engagement in your team.
https://webdataroomcenter.net/navigational-processes-for-data-rooms/