As an M&A adviser you know that due diligence can be a lengthy and heavy on documents. Your clients need information to be available quickly and efficiently. This is why you should recommend a virtual data room that includes features such as well as user-friendly permissions and modern, user-friendly interfaces. This will help them save time and money and help them to navigate the process.
Activity reports are a different feature to look out for in a VDR. These reports will reveal who has viewed the document, saved it, printed or downloaded documents. This ensures internal control and secures sensitive information. A reliable VDR allows you to add watermarks to your documents or deactivate the download and print functions completely. These features are important to be considered when performing due diligence, and will prevent leaks.
In the end, ensure that the VDR is compatible on your client’s preferred devices and platforms. This is especially crucial if there are multiple team members involved in the deal. A reliable VDR will be equally functional on iOS, Android, Windows and macOS without requiring any additional plugins.
Before making a decision you should read reviews on the VDRs you’re considering. It’s important that you be aware of which reviews were written by actual users. You must also know what they thought about the company and their experience. You’ll want to know whether the vendor has third-party certifications, such as ISO 27001, SSAE 16 or ISAE 3402 and where their servers can be found.
