The VDR platform provides a new method of working on multi-document deals that involve any number of parties. There is no need to keep a constant stream of emails with the documents being thrown across the room and changes being lost or misplaced during the process. All stakeholders can view the identical documents in a safe virtual dataroom, while being able to access all the important documents. Once everything is well-organized and clear, it’s easier to quickly identify potential deal issues or opportunities. And with FERPA as well as GDPR, HIPAA and eIDAS compliance elements built-in, it’s easier than ever to satisfy all the legal requirements in M&A.
A top vdr-for-ma project features a modern and intuitive user interface that is accessible across desktop, tablet and mobile devices. It should also offer the most popular features such as drag-and-drop publishing, support for file formats in different formats, and a simple data room configuration. It should also include security features such as active watermarking, two-step authentication to prevent the theft of passwords audit logs, secure connection to a browser (https ://), and 24/7 monitoring.
A reliable VDR should also offer end-toend capabilities to aid your process from review of the target through to closing and integration. It should also offer access controls, including customized roles, restrictions, and announcements. It should also be able to control and limit rubber stamping and downloading sensitive data to protect you from unauthorized parties. This is an option which is often left out by other VDRs.