The VDR platform unlocks a whole new method of working on multi-document click now agreements that can involve any number of participants. Don’t get bogged down in endless email threads with the documents being thrown across the room, or changes constantly getting lost or misplaced along the way. Instead, all participants can view and comment on the same documents in a secure virtual data room, while having access to all crucial documents. Then, with everything well-organized and clear, it’s easier to quickly detect potential deal problems or opportunities. With FERPA compliance, GDPR compliance, HIPAA compliance and eIDAS integrated, it’s more straightforward than ever to fulfill all regulatory requirements in M&A.
A good vdr is one that provides a modern user interface that is intuitive and is accessible on tablets, desktops and mobile devices. It should also offer familiar functionality like drag and drop publishing, a choice of file formats support and simple data room to set up. It should also have security features like active watermarking, 2-step authentication to stop the theft of passwords, audit logs, secure browser connections (https ://),) and 24/7 monitoring.
A reliable VDR should also offer end-toend functionality to support your process, starting from the review of the target to closing and integration. It should also offer access control options such as custom end user roles, limitations and announcements. It must also restrict and monitor rubber stamping, downloading sensitive data, to protect you from unauthorized parties. This is a vital feature that is often ignored in other VDRs.