The VDR platform opens up a new method of working on multi-document deals involving many participants. It’s time to put aside endless email threads in which documents are thrown over the fence or changes are constantly overlooked or overwritten. All stakeholders can view the same documents in a secure virtual dataroom, while still having access to all important documents. Then, with everything well-organized and clear it’s easy to discern potential deal issues or opportunities. With FERPA and GDPR, HIPAA and eIDAS compliance staples built in it’s much easier to meet all the regulatory requirements required in M&A.
A top vdr-for-ma project provides a modern and user-friendly interface that can be accessed across desktop, tablet and mobile devices. It should also offer common features such as drag and drop publishing, a wide choice of file formats support and simple data room set up. It should also offer security features such as active watermarking and two-step authentication to protect against the theft of passwords, audit logs, secure browser connections (https ://), and 24/7 monitoring.
In addition, a good VDR for M&A should provide end-to-end functionality that supports your process right from the time you plan to review through closing the deal and integration. It should also provide access controls, such as custom roles, restrictions and announcements. It must also restrict and monitor rubber stamping, and downloading sensitive information, to protect you from unauthorised parties. This is a crucial aspect that is often not considered in other VDRs.