Virtual Data Room Pros and Cons for M&A and Biopharma Deals

A virtual dataroom can help to make the M&A or Biopharma deal-making process much more smooth for everyone. However, before a broker or adviser decides to recommend one to their clients, it is important to be aware of its pros and cons. Comparing VDR providers is also a good idea, both on their website and on comparison websites. This will allow you to be aware of the features each vendor provides. Many vendors provide lists of features that allow customers to have a complete picture without having to call customer support.

Some of the most effective features include robust encryption both in transit and at rest, customizable watermarks and remote shred. These security measures stop hackers from gaining access sensitive information. Other features include granular permissions for users and two-factor authentication. There are also tools that keep the administrator up to date with the latest activities. Fence view, for instance is a feature that prevents authorized users from taking pictures of documents and peeking behind a colleague.

The top virtual data room providers provide 24/7 customer service via a variety of channels including email and phone. This ensures quick responses no matter what the time of the day or the language the customer is in. A lot of providers offer additional services with their data room software, which can save clients money. These extras are worth the cost if clients are trying to get a prestigious deal or improve the efficiency of their organization.