What to Look for in a Virtual Data Room
Read reviews and testimonials on third-party websites if you are considering the use of a VDR in your M&A deal or other business process that requires secure document sharing. These reviews will give you an idea of the VDR vendor’s speed of response, their experience helping with processes similar to yours, and if they are familiar with your industry and company’s particulars. Check if the vendor offers useful features that save time, such as “favorites” or infinite scrolling, or other tools that let you swiftly browse through and review folders and files. These features can make it easier to conduct due diligence.