If you are considering the use of a virtual data room (VDR) for your M&A transaction or other business process that requires secure document sharing, take your time to read testimonials and reviews on websites of third parties. They can provide valuable information into the VDR vendor’s responsiveness, level of expertise in supporting processes similar yours, and whether they are aware of your industry and the specifics of your company’s particular needs. Check if the vendor offers time-saving features such as “favorites” and infinite scrolling, and other proprietary tools that allow you to swiftly browse and look over folders and documents. These features can make it easier to conduct due diligence.
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