How to Choose the Best Virtual Data Room for M&A Due Diligence

As an M&A adviser you know that due diligence can be a long and document-heavy process. Your clients need access information quickly and efficiently. You should suggest an online room with features such as view as, user permissions that are simple to use and modern interfaces. This will help them save time and money as well as help them in the process.

Another feature to look out for in a VDR is activity reports. These reports can allow you to see who’s been watching, saving, printing or downloading documents. This ensures internal control and safeguards sensitive information. A good VDR allows you to mark your documents with watermarks or even disable the print and download functions completely. These are crucial features to be considered during due diligence and can help prevent leaks.

Make sure that you ensure that the VDR is compatible with the preferred platform of your client and devices. This is especially important if you have many team members in a deal. A reliable VDR should work on iOS and Android, Windows, and macOS without the need to install any additional plugins.

Before you make a final decision, you should read reviews on the VDRs that you are contemplating. It’s important to know which reviews were written by actual users and their experiences been like and how helpful the reviewers found the vendor. You’ll want to know if the vendor has third-party certifications, such as ISO 27001, SSAE 16 or ISAE 3402 and where their servers are located.