When it comes to the sensitive files shared in M&A transactions, there is no room for errors. Data leaks, miscommunications and other mistakes that could cause problems are costly and long-lasting and can ruin the entire transaction. VDR solutions today provide superior security and functionality for a fraction the cost of older technologies.
The best virtual data rooms offer an incredibly user-friendly, flexible platform designed to meet the unique needs of a specific business workflow or transaction. You can customize the virtual data room to include the features and permissions you require while giving authorized users access to sophisticated due-diligence tools, such as watermarking, role-based security, antivirus scanning, and two-factor authentication.
For instance CapLinked’s hierarchical tags permit administrators to organize a virtual data room into sub-categories of documents based on file type that can speed up the due diligence process. You can track document viewing activities with a variety reports that include a “heatmap” by the user group and different charts that show who has viewed what documents and for how much time.
Venture capitalists and private equity firms frequently look at multiple deals at the same time, bringing in reams of data that require structure. The ability to upload documents in bulk and then arrange them into easily accessible groups and folders facilitates due diligence. This allows you to close more transactions in a shorter period of time.
