They are certified vendors who offer secure cloud software which includes document storage. They meet the digital standards required to keep documents for business use online. They provide advanced security features, including the ability to control permissions in a granular manner, and allow collaboration between team members and external parties. They are essential for due diligence for mergers, acquisitions and fundraising, and many other reasons.
A reputable VDR provider will have a clear, intuitive user interface as well as a mobile application that makes it easy for users to navigate look at here the platform, upload files, and locate information quickly. They also offer a variety of help resources like FAQs and training materials, as well as a team of customer service representatives that can help with any problems or questions. Depending on the plan, they may offer live chat or phone support, and be available at all times during business hours, or even 24/7.
Certain vdr companies concentration on specific needs for industries. Intralinks is one example. It provides unique features to companies in the biotech or pharmaceutical industries. CapLinked is another example, which is specialized exclusively in M&A transactions that involve mid-sized to large-sized businesses. Other VDR providers, like DataSiteOne and Firmex have years of experience in facilitating M&A deals for Fortune 500 companies. Others, like Ansarada are experts in international transactions.