Whether it’s due diligence for M&A transactions, fundraising, or sharing case files for litigation, VDRs make sharing documents simple and secure. Not all VDRs, however they’re not all created equal. To make your due diligence experience as stress-free as possible choose a service with the features you need.
VDRs are commonly utilized by law firms to manage multiple cases and review large volumes confidential documents. In such instances, the ability to link quickly add new users is important. A reliable provider will allow users to easily assign permissions depending on the user’s role. Furthermore, a virtual data room should permit users to upload documents, description along with upload forms for redaction and branding elements.
Another crucial feature is granular activity tracking, which allows you to track who has access to the particular document. This increases transparency and prevents leaks. Some providers permit users to add watermarks to their images and require users to sign access agreements before viewing.
For companies operating in the life science sector, like biotech and pharmaceutical it is crucial to be able to access a trusted and reliable online platform to store and share sensitive documents during mergers and acquisitions, partnerships, or raising funds. A virtual data room that is well-established can help you create an unsecure, secure environment to save and share sensitive information during mergers and acquisitions, partnership or raising funds.
iDeals is a perfect example of the virtual data room that provides user-friendly functions with transparent pricing and dedicated support teams to make sure your due diligence process runs smoothly. This includes in-app telephone and email multilingual support.
