When you are deciding on the right VDR provider, you must establish your goals and decide how complicated your project will be. Then, begin searching for a vendor who has an intuitive user interface which is easy to use by both CFOs and accounting staff at an entry level. The UI should also offer an array of deployment options which meet your particular requirements.
Another crucial aspect to consider is security. You must choose an option that is in line with the standards for handling data, and provides tools such as two-factor authentication as well as IP-based restrictions. The most secure options come with a robust auditing system, which monitors the activity of files, allowing you to identify and stop any suspicious behavior.
Check out the platform’s flexibility on different operating systems. Verify if it’s compatible with iOS and Android as well as the major mobile and desktop devices. Also, be aware of whether the vendor supports multiple languages and is available on a variety of browsers. Finally, consider the underlying storage and data centers of the vendors you’re considering.
If you’re an advisor you should ask your clients what they’re expecting regarding the use of a virtual data space. Things like a view-as-function and user permissions that are simple to use will make the process less painful for all parties involved and could save hours of frustration during the course of negotiating. An intuitive, modern interface will also minimize the chance of costly errors. Furthermore, a strong support team can speed up the M&A process and ensure that your customers are satisfied with their choice.
