It’s essential to think about more than just price when selecting the best VDR service provider. It’s important to evaluate the security of a service in its deployment methods, as well as customer service, and whether or if it’s able to integrate with existing software that your business already uses for workflow purposes.
Some of the top VDR providers offer robust security and features that go beyond the basic file sharing apps. Some of these features include a custom user interface, advanced settings for users as well as multi-factor verification. They also provide extensive integrations, such as CRM applications and other software for business to improve efficiency and decrease manual data transmission.
M&A deals require the sell-side to share a large amount of documentation with the buy side therefore it’s essential that the selected VDR provider offers secure access and robust due diligence services. iDeals Solutions is a virtual deal-room provider that’s known for its multi-layered approach to data security and simplified due diligence workflows. It comes with a variety of features to make it simple to use. These include drag and drop uploading and real-time activity monitoring.
Another good choice is Donnelley Financial Solution Group’s Venue, which has basic cloud-based tools to complete M&A transactions. It’s also compatible with a variety of languages. It is also backed up by an experienced M&A team, and has the capability to manage complex projects.