A virtual dataroom can help make the M&A or Biopharma dealmaking process easier for everyone. However prior to a broker or adviser decides to recommend one to their clients, it is essential to be aware of its pros and cons. Comparing VDR providers is also a good idea, both on their website and through comparison websites. This allows for better recognition of the features that each vendor provides. A lot of vendors have a list of their features and let users see the full picture without having to contact client support for information.
Some of the most beneficial features include a robust encryption system during transit and in rest, watermarks that can be customized, and remote shred. These security measures can stop hackers from getting access to sensitive information. Other features include granular access rights for users and two-factor authentication. Additionally, there are options to keep the administrator informed with the latest activities. For instance, fence view helps prevent an authorized user from slyly taking pictures of documents on the screen or peering like this over a colleague’s shoulder.
The top virtual data rooms offer 24/7 customer support through multiple channels such as email and telephone. This ensures quick responses no matter what the time of day or in the language that a customer is speaking. Furthermore, many providers offer other services that can save the client money if they are included with the data room software. These additional features can be worth the price for those who are trying to create a big deal or to improve efficiency within their organization.