What to Look for in a Virtual Data Room

Spend the time to read reviews and testimonials on third-party websites if you’re considering the use of a VDR in your M&A deal or other business process that requires secure documents sharing. These reviews will give you a good idea of the VDR vendor’s responsiveness, their experience supporting processes similar to yours, and whether they are knowledgeable of your industry and its particulars. Consider whether the vendor has time-saving features, such as «favorites» or infinite scrolling, or other proprietary tools that let you quickly browse and review folders and documents. These features can help speed up the process of due diligence.

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