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Investors usually request an entire set of documents including financial metrics before they approve funding. Having these materials organized in a digital data room can help startups simplify due diligence and impress investors. However the market for data rooms for investors is crowded and it can be difficult to choose the right software. This article reviews the most well-known choices and provides advice on selecting a software that will satisfy your requirements.
In addition to a tidy design, consider an application that can be configured with customized settings and offers 24/7 support. Also, make sure that the VDR includes a QA feature that lets users ask questions and receive answers. Some platforms offer visual analytics that are useful to conduct due diligence. The pricing structure must be clearly established, with options that include per-user, per-page, and per-storage. Flat rate pricing is generally preferred by the majority of users, as it allows them to forecast their costs more accurately.
Firmex has been in the virtual data room business for over 12 years. They are renowned for their M&A solution, but they can also be used for other projects. Their features include automatic indexing as well as secure document sharing DRM and more granular permissions for users. They also have robust security protections, like two-factor authentication and customizable NDAs, and a variety of monitoring tools. They’re a great option for both large and small companies and offer a two-week trial free of charge.