As an M&A advisor, you are aware that the process of due diligence can be long and heavy on documents. Your clients require documents to be made available quickly and efficiently. It is recommended to provide virtual rooms with features such as view as, user permissions that are simple to use and modern intuitive interfaces. This will assist users in getting through the process and possibly more importantly, help save time and money.

Another feature you should look for in the VDR is activity reports. They can let you know who’s been watching printing, saving, or downloading documents. This will help ensure internal control and ensures the confidentiality of sensitive information. A reliable VDR allows you to mark your documents with watermarks or even disable the download and print functions completely. These are important options to be considered during due diligence and can prevent leaks.

Also, ensure that you ensure that the VDR is compatible with the preferred platform of your client and devices. This is particularly important when they have several team members working on the same deal. A quality VDR will be equally functional on iOS, Android, Windows and macOS without requiring any additional plugins.

In the end, you should read reviews of the VDRs you’re thinking of buying before making a choice. It’s crucial to be aware of the reviews written by actual users. You must also know what they thought about the company and their experience. You’ll also want to be aware of which vendors have third-party certifications such as https://howmuch.fyi/best-anonymous-hosting-2021 ISO 27001, SSAE 16 and ISAE 3402 and the location of their servers.