A virtual dataroom can help make the M&A or Biopharma deal-making process much more smooth for everyone. Before a broker or advisor suggests one to their client, it’s important to be aware of the advantages and disadvantages. Comparing VDR providers is also a great idea, both on their website and via comparison websites. This will allow you to be aware of the features that each vendor has to offer. Many vendors provide the list of features that allows users to see the whole picture, without the need to contact customer support.
Some of the most valuable features include secure encryption during transit and in rest, customizable watermarks, and remote shred. These security measures can help stop hackers from getting access to sensitive information. Other features like this include granular permissions for users as well as two-factor verification. Additionally, there are features that help keep the administrator updated in regards to activity. Fence view, for instance stops an authorized user from taking secret photos of documents or peering behind a colleague.
The best virtual data room providers offer 24/7 customer service through a variety of channels such as email and telephone. This ensures quick responses regardless of what time of day it is or in what language the customer is speaking. Many providers include additional services with their data room software that can save clients money. These options are worth it when a client is trying to make a high profile deal or improve the efficiency of their organization.