The VDR platform provides an entirely new way of working on multi-document transactions involving any number participants. You can forget endless email threads in which documents are tossed over the fence or changes are never considered or taken into account. All stakeholders can view the same documents in a secure virtual dataroom, while having access to all key documents. When everything is data room software review well-organized and clear it’s easier to identify potential deal issues or opportunities. And with FERPA and GDPR, HIPAA and eIDAS compliance elements built-in it’s now easier than ever to meet all the legal requirements in M&A.
A great vdr is one that provides a contemporary, intuitive interface that can be accessed via tablets, desktops and mobile devices. It should also have familiar functionality like drag and drop publishing, a wide variety of support for file formats and simple data room set up. It should also offer security features like active watermarking as well as two-step authentication for preventing the theft of passwords, audit logs, secure connections to the internet (https ://), and 24/7 monitoring.
In addition, a quality VDR for M&A should have end-to-end functionality that supports your process from the initial review through closing the deal and integration. It should also offer access controls such as customized end user roles, restrictions, and announcements. It should as well monitor & restrict the rubber stamping process and download of sensitive information to protect your data from unauthorized access. This is something that is often overlooked by other VDRs.