As an M&A advisor you are aware that due diligence can be a long and heavy on documents. Your clients require access information quickly and efficiently. You should suggest a virtual room with features like view as well as user permissions that are simple to use and check out the post right here modern user interfaces. This will help them save time and money as well as help them with the process.
Another feature you should look for in an VDR is activity reports. These reports can reveal who has viewed or saved, printed, or downloaded documents. This can help you ensure that your internal controls are in place and protects the confidentiality of sensitive information. A good VDR can also permit you to watermark documents, or disable print and download options completely. These options are essential to consider when performing due diligence, and will keep leaks from happening.
In the end, ensure that the VDR is compatible with your client’s preferred devices and platforms. This is particularly crucial if there are several team members involved in an agreement. A great VDR should work on iOS and Android, Windows, and macOS without the need for any additional plugins.
Lastly, read reviews of the VDRs you’re considering prior to making a decision. It’s important to know which ones are written by actual users, what their experience has been like, and how helpful the reviewers were to the vendor. It is important to find out whether the vendor is a third-party certifications such as ISO 27001, SSAE 16 or ISAE 3402, and where their servers are located.