https://thatvdr.com/how-virtual-data-rooms-help-ensure-the-success-of-ma-deals/
Virtual data rooms offer an efficient way to share documents with other parties during due diligence as well as other M&A transactions. The efficiency of the solution be is contingent on how it’s configured and used.
Choose a VDR that was designed with serious sharing as a priority. It should have a wide array of tools that permit users to upload and share files in bulk. It should allow administrators to create folders and document indexes with ease. It should also feature an advanced search feature that helps to quickly locate documents. The ideal solution is to enable users to print documents as well as download PDF files with watermarks. Admins must be able track the time when documents are printed and downloaded.
Check if a vendor offers a single-use transaction or an annual subscription when you choose a vendor. A subscription that is annual offers more flexibility and lower costs of ownership. It also reduces the chance of sudden price increases over the duration of the contract.
A reliable VDR can be compatible with multiple browsers and platforms like Mac and Linux. It must also work with any file format. It should also be simple to personalize a virtual room’s appearance and feel by using custom branding.
Verify that the VDR is equipped with strong security features to block unauthorised access. For instance, the VDR should offer multi-factor authentication and user security impersonation. Additionally administrators should be able to set a session limit that will shut down the user’s session upon the specified time of inactivity.
