The VDR platform offers a new way to work on multi-document transactions with any number of participants. It’s time to put aside endless email threads where documents are tossed over the fence or modifications are always ignored or rewritten. All parties can view the identical documents in a safe virtual dataroom while having access to all key documents. It’s easier to spot potential deal issues and opportunities when everything is organized and clear. With FERPA compliance, GDPR compliance, HIPAA compliance, and eIDAS included, it’s more straightforward than ever to fulfill all the requirements of regulatory compliance in M&A.
A good vdr is one that has a modern, intuitive interface that can be used via tablets, desktops and mobile devices. It should also provide the same functionality as data room software review drag and drop publishing, a wide variety of file format support, and easy data room set up. It should also include security features like active watermarking, two-step authentication to prevent the theft of passwords, audit logs and secure browser connections (https ://),) and 24/7 monitoring.
In addition, a good VDR for M&A should offer end-to-end functionality that aids your process from review of the target to closing the deal and integration. It should also provide access controls, such as custom end user roles, restrictions and announcements. It must also restrict and monitor rubber stamping, as well as downloading of sensitive information, to safeguard your data from unauthorized access. This is an option which is often left out by other VDRs.