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As an advisor, it is crucial to be well-informed about the various aspects of the deals you negotiate with your clients. This includes their data rooms. If your client requires an VDR for their M&A deal an interface that is modern, with granular permissions for documents and a strong team of support can be the difference between success and failure in the process of negotiating.

You can learn more about the different providers by reading reviews on sites like Capterra and G2. Be wary of providers that have a large number of 5-star reviews but only one of them is from an industry or use case.

When you do your search, be sure to look for transparent pricing. Look for plans that are clearly explained and know what features are included in each plan and which are added ons. Inconsistency regarding pricing could lead to unexpected costs later on.

Look for a flexible VDR with the option of a trial. You should be able to test the VDR with your team members and determine whether it’s suitable before you make a financial commitment. Make sure to avoid a service that doesn’t offer a trial since it will limit your ability to test the product’s features, usability and performance in real-world conditions without having to pay.

After you’ve narrowed down several potential providers, schedule demos with them to experience their platform and their customer service. Make note of how responsive each provider is and ask them any questions related to cost, security, the ability to integrate, scalability and ease of use.

www.vdrguide.com/what-does-a-sales-development-representative-do/