The VDR platform unlocks a whole new method of working with multi-document transactions that involve anyone. Do not waste time with endless email threads that result in lots of documents tossed over the fence or the changes that are constantly neglected or ignored throughout the process. Instead, all participants can access and comment on the same documents inside a secure virtual data room while having complete access to crucial documents. It’s much easier to identify potential deal issues and opportunities when everything is organized and clear. And with FERPA GDPR, FERPA, HIPAA and eIDAS compliance essentials it’s now easier than ever to meet all regulatory requirements that are needed in M&A.
A good 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 same functionality as drag and drop publishing, a broad choice of file formats support and a simple data room set up. It should also offer security features such as active watermarking, two-step authentication to avoid theft of passwords, audit logs, secure browser connections (https ://),) and 24/7 monitoring.
A good VDR should also offer end-toend capabilities to assist your process from review of the target through to closing and integration. It should also include access controls, including specific roles, restrictions and announcements. It should as well monitor & restrict the rubber stamping and downloading of sensitive data to protect you from untrusted parties. This is a vital aspect that is often not considered in other VDRs.