They are certified vendors who offer secure cloud software including document repositories. These providers comply with the digital standards required to keep business documents online. They offer advanced security features, like specific permissions control and facilitate collaboration between team members and external partners. They are a must-have tool for due diligence as well as mergers and acquisitions (M&A), fundraising, and much more.
A reputable VDR provider will have a clear and intuitive user interface and a mobile app that makes it easy for users to navigate the platform, upload files, and find information quickly. They will also provide various support tools, including FAQs or training materials, as well a team of customer service representatives who are able to help with any issues or questions. Based on the plan, they could provide live chat or phone support, and are available during business hours or 24/7.
Certain vdr providers are focused on specific industry needs. For instance, Intralinks offers unique features for companies operating in the biotech and pharmaceutical industries team management skills. CapLinked is another example, which is specialized exclusively in M&A transactions that involve mid-sized to large-sized companies. Other VDR providers, like DataSiteOne and Firmex have years of experience facilitating M&A deals for Fortune 500 companies. Others, like Ansarada are experts in international transactions.