The VDR platform unlocks a whole new way of working on multi-document deals that involve anyone. Do not waste time with endless email threads that result in groups of documents being tossed over the wall or the changes that are constantly ignored or rewritten throughout the process. Instead, all stakeholders can access and comment on the same documents inside a secure virtual data space while having complete access to crucial documents. It’s easier to see potential deal risks and opportunities when everything is organized and clear. And with FERPA and GDPR, HIPAA and eIDAS compliance staples built in, it’s easier than ever to satisfy all the legal requirements in M&A.
A great vdr is one that provides a modern user interface that is easy to use and is accessible on desktops, tablets and mobile devices. It should also include familiar features such as drag-and drop publishing, support for file formats in various formats, and an easy data room setup. It should also include security features like active watermarking and two-step authentication to stop the theft of passwords, audit logs, secure browser connections (https ://), and 24/7 monitoring.
Additionally, a reliable VDR for M&A should offer end-to-end functionality that assists your process from review of the target to closing the deal and integration. It should also include access control, for example customized roles, restrictions, and announcements. It should also restrict the rubber stamping process and download of sensitive information to protect your information from being accessed by unauthorised parties. This is an aspect that is often neglected by other VDRs.