The VDR platform opens up a new way of working on multi-document deals involving anyone. Do not waste time with endless email threads that result in batches of documents being tossed across the room or the changes that are constantly neglected or ignored along the way. Instead, all participants have the ability to review and comment on the same documents within a secure virtual data space while having access to all crucial documents. With everything organised and transparent it’s easy to detect potential deal problems or opportunities. With FERPA compliance and GDPR compliance HIPAA compliance and eIDAS built-in, it’s now easier than ever before to meet all regulatory requirements in M&A.
A top vdr-for-ma project features a modern and intuitive user interface that is accessible on a tablet, desktop or mobile devices. It should also offer familiar features like drag and drop publishing, a variety of support for file formats and simple data room setting up. It should also provide security features like active watermarking, 2-step authentication to prevent the theft of passwords, audit logs, secure browser connections (https ://),) and 24/7 monitoring.
Additionally, a great 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, including customized roles, restrictions, and announcements. It must also restrict and monitor rubber stamping and downloading of sensitive data, to protect you from unauthorised parties. This is something that is often ignored by other VDRs.