What to Look for in a Virtual Data Room

If you are considering using a virtual information room (VDR) for your M&A transaction or another business process that requires secure document sharing, make the time to read client reviews and testimonials on websites of third parties. They can provide valuable information into the VDR vendor’s response time, amount of experience supporting processes like yours, and whether they know your industry and the specifics of your particular company. Be sure to check if the vendor comes with time-saving features like “favorites” and infinite scrolling, as well as other proprietary tools that let you swiftly browse and look over folders and documents. These features can help speed up the process of due diligence.

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