As an M&A advisor, you are aware that due diligence can be a https://howmuch.fyi/personal-finance-software-for-budgeting/ lengthy and heavy on documents. Your clients require information to be available quickly and efficiently. You should recommend an online room with features such as view as, user permissions that are simple to use and modern intuitive interfaces. This will help them save time and money as well as help them with the process.

Activity reports are another thing to look out for in the VDR. These reports can reveal who has looked at or saved, printed, or downloaded documents. This helps ensure internal control and protects sensitive information. A reliable VDR will also allow you to watermark documents, or disable the print and download options completely. These features are important to take into consideration when performing due diligence and can stop leaks.

Finally, make sure you ensure that the VDR is compatible with your client’s preferred platforms and devices. This is particularly important if there are more than one team member working on a deal. A reliable VDR will work on iOS, Android, Windows and macOS without the need for additional plugins.

Before you make a final decision, you should read reviews about the VDRs you’re considering. It’s important to know which ones are written by actual users and their experiences been like, and how helpful they found the vendor. It is important to find out whether the vendor has third party certifications, such as ISO 27001, SSAE 16 or ISAE3402, and where their servers are located.