As an M&A advisor, you know the process of due diligence is usually long and heavy on documents. Your clients need access information quickly and efficiently. That’s why it is important to recommend a virtual data room that includes features such as well as user-friendly permissions and modern user interfaces. This will save them time and money, and also help them to navigate the process.

Activity reports are a different feature to look out for when using a VDR. These reports can reveal who has viewed the document, saved it, printed or downloaded documents. This will help ensure internal control and safeguards the privacy of sensitive information. A good VDR will also allow you to watermark documents or remove download and print options completely. These are essential features to be considered during due diligence and can prevent leaks.

In the end, make sure that you ensure that the VDR is compatible with the preferred platform of your client and devices. This is especially crucial if there are multiple team members involved in an agreement. A quality VDR should function equally on iOS and Android, Windows, and macOS without the need for any additional plugins.

Before making a decision you should read reviews about the VDRs that you are considering. It is crucial to are aware of which reviews were written by actual users. You should also find out what they thought about the company and their experience. You should know whether the vendor has third-party certifications like ISO 27001, SSAE 16 or ISAE3402, and where their servers are located.

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