The VDR platform offers a new way of working on multi-document deals that involve any number of parties. You can put an end to endless email threads in which documents are tossed across the fence or changes are frequently ignored or not reflected. All parties can view the same documents in a secure virtual dataroom, while being able to access all the important documents. It’s much easier to recognize potential deal problems and opportunities when everything is organized and transparent. And with FERPA GDPR, FERPA, HIPAA and eIDAS compliance elements built-in it’s now easier than ever to meet all legal requirements in M&A.
A great vdr for ma project features a modern and intuitive user interface that can be accessed on tablet, desktop and mobile devices. It should also have the most popular features such as drag-and-drop publishing, file format support in many formats, and an easy data room setup. It should also provide security features such as active watermarking, two-step authentication to prevent password theft, audit logs, secure connection to a browser (https ://), and 24/7 monitoring.
A reliable VDR should also offer end-toend capabilities to help your process, starting from the review of the target through to closing and integration. It should also include access controls, like custom roles, restrictions and announcements. It should also monitor & restrict the rubber stamping and downloading of sensitive data to protect you from unauthorized parties. This is an essential feature that is often left out of other VDRs.