In the rush of implementing a data room for an upcoming deal, many companies forget to prioritize ease of use. However, a user-friendly data room that has the right features can facilitate more deals.
A reliable VDR makes due diligence easier for both parties and speeds up the completion of the deal. It can also help you avoid costly mistakes, such as sharing sensitive documents with unauthorized users. If you’re looking to select the most suitable VDR solution for your company ensure that it is an all-inclusive solution that meets all your requirements for sharing documents.
VDR features such as granular permission controls can protect confidential and proprietary information from leaks. Find a VDR that allows permissions to be set based on groups of people, and has statistics that show who has looked at, saved or printed an individual document. Look for an VDR with document-specific security features such as watermarking and disabled printing.
Find Look for a VDR with easy-to-configure connectors to Box, Dropbox Google Drive and Microsoft SharePoint. This will allow real-time collaboration, and eliminate the need to transfer large files via email. Look for features that let users customize the VDR’s look and feel, and also add their corporate branding. Additionally, look for a VDR with a quick-look report that provides the high-level overview executives need to stay up-to-date throughout the due diligence notion of a merger process.
