When selecting a virtual information room pricing structure should be the main aspect to take into account. Find flat-rate plans that allow unlimited users, period lengths and do not charge overage fees. This is superior to the traditional per-page pricing which could result in inflated invoices. A thorough SmartRoom pricing policy will help to eliminate any unexpected fees and ensure that the platform stays within budget.

In addition to an affordable service, you should also look for features that can streamline the process of due diligence. This includes a clever content management system that lets users combine large files for faster upload speeds, and a smart search function that helps users locate documents easily. Smart data organization also lets administrators set permissions and track access to documents. This is an important feature for investors who are trying to keep their sensitive information safe throughout the M&A process.

A smart VDR also allows you to store documents that aren’t currently being used, but are ready to be used in the future. This can reduce time spent in the due diligence process by having all of the required documents uploaded and organized prior to. It can also decrease the chance of investors asking supplementary questions by having the answers in a clearly formatted format.

Choose a provider that provides not just a virtual dataroom but also full lifecycle management with integrated project management. It is a platform that can handle all of your private equity business in one platform that is the best-of-breed. This enables you to spend less time managing different processes and spend more time closing deals.

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