How to Choose a VDR Vendor
VDR (virtual room) is an online repository of files that can be accessed by multiple users. It provides highly secured access. It is a great tool for mergers and acquisitions, due diligence procedures and other business procedures. It has many advantages, including increased speed and collaboration. It is also easy to use and doesn’t require the purchase of additional equipment.
It is important to choose one that is a good fit into your organization’s workflow, and is compatible with any existing software your team might be using. Choose a VDR with an easy-to-use interface that can be accessed via any device. Also, look for features that make it easy to upload and manage files, including drag-and-drop uploads, bulk uploads an organized file system with the ability to create hierarchical tags as well as auto-renumbering and Q&A messaging.
You should consider whether your preferred VDR vendor has a solid track history. You can find both internal reviews on their website as in addition to third-party reviews on platforms such Trustpilot, Software Advice or Glassdoor. Taking the time to read these reviews will help you determine if the chosen VDR provider is a good match for your company.
Intralinks for instance is a trusted solution by thousands of companies worldwide to provide secure and efficient collaboration and due diligence in M&A transactions. Set up a free demonstration to learn more about our leading solutions.