A virtual dataroom can make the M&A or Biopharma dealmaking process easier for everyone. Before any advisor or broker suggests one to their client, it’s essential to be aware of the advantages and disadvantages. Comparing VDR providers is also a good idea, both on their website and via comparison websites. This helps to make a better understanding of the features that each vendor offers. Many vendors provide an array of features that allow users to get the full picture, without the need to contact customer support.
Some of the most beneficial features include robust encryption during transit and in rest, watermarks that can be customized, and remote shred. These security measures can deter hackers from getting access to sensitive information. Other features include granular user permissions as well as two-factor authentication. There are features that keep the administrator aware of any activity. For example fence view prevents an authorized user from surreptitiously taking photos of documents on the screen or peering over the shoulder of a coworker.
The best virtual data rooms provide 24/7 customer service via multiple channels like email and telephone. This allows like this for quick response no matter what time it is, or in which language the client speaks. Many companies offer additional services with their data room software that can help clients save money. These additional features can be worth the cost if the client is attempting to get attention-grabbing deals or improve efficiency in their organization.