There is no space for error when it comes down to sensitive files that are shared during M&A transactions. Data breaches, miscommunications and other errors that can cause deal break-ups are costly, time consuming, and can derail an entire transaction. VDR solutions today offer superior security and functionality for a fraction the cost of older technologies.

The most reliable virtual data room platforms are user-friendly and flexible, designed to meet the specific requirements of a particular business workflow or transaction. This means you can tailor the virtual data room with the exact permissions and features you require, while giving authorized users access to a variety of robust due diligence tools such watermarking roles-based security, scans for viruses and two-factor verifications.

For example, CapLinked’s hierarchical tags allow admins to organize a virtual data room into sub-categories of document types based on the type of document that can accelerate the due diligence process. You can also track the number of people who have viewed documents using various reports like a “heat map” by users and various charts, showing who’s viewed which documents and for how long.

Private equity and venture capitalists firms frequently look at multiple deals at one time and are able to gather a lot of data that require structure. The possibility of uploading documents in bulk and sort them into easily accessible folders and groups facilitates due diligence. This allows you to close more transactions choosing right online storage services with less time.