The VDR platform opens up a new way of working on multi-document transactions that involve any number of parties. It’s time to put aside endless email my blog threads in which documents are tossed across the fence or changes are frequently ignored or not reflected. All parties have access to the identical documents in a safe virtual dataroom, while having access to all essential documents. It’s much easier to recognize potential deal risks and opportunities when everything is organized and transparent. With FERPA compliance, GDPR compliance, HIPAA compliance and eIDAS integrated, it’s simpler than ever before to satisfy all the regulations in M&A.
A good vdr for ma project features a modern and user-friendly interface that is accessible on a tablet, desktop or mobile devices. It should also offer familiar functionality like drag and drop publishing, an extensive range of file formats supported and simple data room to set up. It should also include security features like active watermarking, 2-step authentication to stop the theft of passwords, audit logs and secure browser connections (https ://),) and 24/7 monitoring.
Additionally, a great VDR for M&A should include end-toend functionality that supports your process right from the time you plan to review to closing the deal and integration. It should also offer access controls, such as custom user roles, restrictions, and announcements. It should as well control rubber stamping and downloading of sensitive data to protect your information from being accessed by unauthorised parties. This is a vital aspect that is often not considered in other VDRs.