The VDR platform provides a new way to work on multi-document transactions that involve any number of parties. Don’t get bogged down in endless email threads with the documents being thrown over the fence or the changes that are constantly neglected or ignored along the way. Instead, everyone can access and comment on the same documents in a secure virtual data space while having access to all the most important documents. It’s much easier to recognize potential deal-related issues and opportunities when everything is organized and clear. With FERPA as well as GDPR, HIPAA and eIDAS compliance features it’s now easier than ever to meet all the regulatory requirements that are needed in M&A.
A great vdr for ma project provides a modern and intuitive user interface that can be accessed via tablet, desktop and mobile devices. It should also have common features such as drag and drop publishing, a broad choice of file formats support and simple data room setup. It should also provide security features such as active watermarking, two-step authentication to prevent theft of passwords, audit logs, secure browser connections (https ://),) and 24/7 monitoring.
A good VDR should also offer end-toend functionality to support your process, from the review of the goal to closing and integration. It should also offer access controls such as customized roles for end users, restrictions, and announcements. It should as well control rubber stamping and downloading sensitive data to safeguard your information from being accessed by unauthorised parties. This is an aspect that is often ignored by other VDRs.