How to Choose the Best Virtual Data Room for M&A Due Diligence

As an M&A advisor, you’re aware the process of due diligence is often long and laden with documents. Your clients require documents to be made available quickly and efficiently. You should suggest a virtual room with features like view as well as user permissions that are easy to use and modern interfaces. This will help them get through the process and perhaps most importantly, save time and money.

Activity reports are another feature to look out for in the VDR. These reports can allow you to see who’s been viewing, saving, printing or downloading documents. This will help ensure internal control and ensures the confidentiality of sensitive information. A good VDR can also permit you to watermark documents or disable download and print options completely. These features are important to be considered when performing due diligence, and will keep leaks from happening.

Finally, make sure the VDR is compatible with the preferred platform of your client and devices. This is particularly crucial if your client has several team members involved in an agreement. A good VDR will work on iOS, Android, Windows and macOS without the need for additional plugins.

Also, make sure to read reviews of the VDRs you’re considering before making a choice. It’s important to know which ones have been written by actual users who have had a positive experience, what their experience been like, and the level of satisfaction they received from the vendor. You should know whether the vendor has third-party certifications like ISO 27001, SSAE 16 or ISAE3402, and where their servers are located.

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