The VDR platform provides an innovative way to work on multi-document transactions involving any number of participants. Do not waste time with endless email threads that result in the documents being thrown across the room and changes being ignored or rewritten in the process. Instead, all participants can view and comment on the same documents in a safe virtual data room while having complete access to the most important documents. It’s easier to see potential deal risks and opportunities when everything is organized and transparent. With FERPA compliance as well as GDPR compliance, HIPAA compliance and eIDAS built-in, it’s now simpler than ever before to satisfy all the requirements of regulatory compliance in M&A.
A great vdr should be one that offers a modern user interface that is intuitive and is accessible via tablets, desktops, and mobile devices. It should also have common features like drag-anddrop publishing, file format support in different formats, and an easy data room configuration. It should also include security features like active watermarking as well as two-step authentication for preventing the theft of passwords audit logs, secure connection to a browser (https ://), and 24/7 monitoring.
Additionally, a reliable VDR for M&A should provide end-to-end functionality that supports your process from review of the target through closing the deal integration. It should also allow access controls, such as custom user roles, restrictions and announcements. It should also control and limit rubber stamping and downloading sensitive information to protect you from unauthorized parties. This is an aspect that is often ignored by other VDRs.