A leading provider of vdr software provides a virtual room that is safe and comfortable for all transaction parties. It supports over 25 file formats, and gives you complete control over the security of your data secure. The software provides 24/7 customer support as well as the opportunity to try a trial for free for 30 days. It is recommended for medium and large businesses.
The software supports due diligence during M&A and loan syndications. It also facilitates the transfer of sensitive information between banks, lawyers and investors in private venture capital and equity transactions. Intellectual property, trade secrets, medical records, or other sensitive information can be stored securely in the virtual repository and shared with authorized clients and partners.
There are a variety of VDRs available to meet a variety of business needs. Certain vendors specialize in tools that are specifically designed to aid in legal litigation, while others offer more general purpose functions and can be customized to specific workflows through the use of templates.
It can be challenging to select the best VDR for your business. However it is imperative that you consider your specific requirements and the type of transactions your company usually conducts. For instance, if your company frequently engage in M&A transactions it is recommended to choose an entity that has a solid track history of facilitating this type of transaction.
FirmRoom is a cloud-based VDR specializing in M&A due diligence and contract negotiations. It comes with advanced notifications including visual analytics and audit trails, secure access, single sign-on and a variety of customizable permissions. Another option is Box, which streamlines M&A due diligence and other corporate transactions by streamlining collaboration and communication and offering a variety of integrations.
