A virtual dataroom can make the M&A or Biopharma deal-making process much more smooth for everyone. However before a broker or adviser decides to recommend one to their clients, it is essential to be aware of its pros and cons. Comparing VDR providers is also a great idea, both on their website and on comparison websites. This will allow you be aware of the features each vendor provides. Many vendors provide an array of features that allow customers to view the entire picture without having to call support.
Some of the most effective features include a robust encryption during transport and at rest, customizable watersmarks and remote shred. These security measures help discourage hackers from gaining access sensitive information. Other features include user-specific permissions for users and two-factor authentication. There are also features that keep the administrator informed on activity. Fence view, for example is a feature that prevents authorized users from taking photos of documents in secret or peeking behind a colleague.
The best virtual data rooms offer 24/7 customer service via multiple channels including email and telephone. This allows for quick responses no matter what time or in what language the customer speaks. Furthermore, many providers offer additional services that save the client money if they are included with the data room software. These extras are worth the cost if the client is looking to make a high profile deal or increase the efficiency of their organization.
