A VDR can aid you to close deals faster regardless of whether you are an investment banker who offers advice to clients or is a part of a company that shares sensitive data that is not protected by the firewall. VDRs allow you to exchange documents safely, eliminating the risks of sending confidential files via email, and the issues caused by lost or misplaced emails. This is especially important for companies that must provide confidential information in M&A transactions or loan syndication.
There are many VDR providers to choose from, which is why you must conduct your research prior to making a choice. Look up the reputation of the company on third-party websites and ask your friends for recommendations. Also, look for a provider with an easy-to-use interface that is modern and user permissions that are simple to use. You should ensure that the VDR is simple to use for both you and your client, and that it can facilitate due diligence processes.
Securedocs is one of the best VDRs you can think about. It is focused on ease of use and simplicity, while offering secure file sharing and collaborative processes when conducting due diligence. It comes with multi-factor authentication, as well as location restrictions. It also comes with session timeouts. It also includes watermarking, view-only modes, screenshot blocking, and encrypted downloads. It also comes with a full set of tools that facilitate communication and collaboration throughout the entire M&A process. It also provides flexible pricing dependent on the needs of the project. Intralinks is another good option. It offers a robust platform for security and streamlines the management of documents during M&A. It has an intuitive user interface and supports various formats of files including video. It also comes with a powerful search engine and a plethora of features that can be customized.