The VDR platform offers a new method of working with multi-document deals that involve any number of participants. You can put an end to endless email threads in which documents are thrown over the fence, or changes are constantly overlooked or overwritten. All parties can view the identical documents in a safe virtual dataroom, while still being able to access all the important documents. With everything well-organized and clear it’s easier to identify potential deal issues or opportunities. With FERPA as well as GDPR, HIPAA and eIDAS compliance elements built-in, it’s easier than ever to comply with all the regulatory requirements that are needed in M&A.
A great vdr for ma project features a modern and intuitive user interface that can be accessed on tablet, desktop and mobile devices. It should also provide the same functionality as drag and drop publishing, a broad variety of support for file formats, and easy data room setting up. It should also have security features like active watermarking, two-step authentication to prevent the theft of passwords, audit logs and secure browser connections (https ://),) and 24/7 monitoring.
In addition, a quality VDR for M&A should have end-to-end functionality that assists your process from the initial review through closing the deal and integration. It should also include access controls, such as custom end user roles, restrictions, and announcements. It should as well restrict the rubber stamping and downloading of sensitive information to protect your data from unauthorized access. This is a vital aspect that is often not considered in other VDRs.