A virtual dataroom can aid in making the M&A or Biopharma dealmaking process much smoother for everyone. However, before a broker or adviser decides to recommend one to their clients, it’s crucial to know its pros and cons. Comparing VDR providers is also a good idea, both on their website and on comparison websites. This allows for better recognition of the features each vendor offers. Many vendors offer a list of features that allow users to see the whole picture, without the need to contact customer support.
Some of the most valuable features include a robust encryption system during transport and at rest, watermarks that can be customized, and remote shred. These security measures help discourage hackers from getting access to sensitive information. Other features can include granular user permissions as well as two-factor authentication. There are also features that keep the administrator aware of any activity. For example fence view can stop an authorized user from secretly taking pictures of documents on the screen or peering over the shoulder of a coworker.
The best virtual data rooms provide 24/7 customer support via a variety of channels like email and telephone. This enables quick responses no matter what the time of day or the language the customer is speaking. Additionally, a lot of providers offer additional services that can help the client save money when combined with the data room software. These additional services are worth it if you want to create a big deal or increase the efficiency of their company.