As an M&A advisor, you’re aware the process of due diligence can be long and heavy on documents. Your clients require access to information quickly and efficiently. It is recommended to provide an online room with features such as view as well as user permissions that are simple to use, and modern, intuitive interfaces. This will help them get through the process and possibly more importantly, help save time and money.

Activity reports are another thing to be looking for in a VDR. They can let you know who’s been looking at, saving, printing or downloading documents. This allows for internal control and protects sensitive information. A good VDR can also permit you to watermark documents, or remove download and print options completely. These are important options to think about during due diligence, and can also prevent leaks.

In the end, ensure that the VDR is compatible on your client’s preferred devices and platforms. This is particularly important if there are multiple team members working on an agreement. A reliable VDR should work on iOS and Android, Windows, and macOS, without the need for any additional plugins.

Finally, read reviews about the VDRs you’re thinking of buying before making your decision. It’s crucial to know which ones were written by actual users, what their experience has been and the level of satisfaction they received from the vendor. You’ll want to know whether the vendor has third party certifications like ISO 27001, SSAE 16 or ISAE3402, and where their servers can be found.

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