The VDR platform unlocks a whole new method of working with multi-document deals that involve many participants. You can forget endless email threads in which documents are tossed over the fence or updates are constantly overlooked or overwritten. All parties can view the identical documents in a safe virtual dataroom, while being able to access all the important documents. Once everything is organised and transparent, it’s easier to quickly detect potential deal problems or opportunities. And with FERPA, GDPR, HIPAA and eIDAS compliance elements built-in, it’s easier than ever to meet all the regulations that are required in M&A.
A great vdr is one that has a modern user interface that is intuitive and is accessible on desktops, tablets and mobile devices. It should also have the most popular features such as drag-and-drop publishing, support for file formats in various formats, and a simple data room setup. It should as well provide security features such as active watermarking and two-step authentication to stop password theft audit logs, secure connections to the internet (https ://), and 24/7 monitoring.
In addition, a quality VDR for M&A should offer end-to-end capabilities that support your process from target review to closing the deal and integration. It should also allow access controls, such as specific roles, restrictions and announcements. It must also restrict and monitor rubber stamping and downloading of sensitive data, and protect you from unauthorized parties. This is an option that is often neglected by other VDRs.