The Benefits of Virtual Data Review

VDRs are used most often to facilitate M&A transactions, but they can also be used for other business processes that involve confidential data https://howtobeaphotographer.org/top-5-instagram-alternatives-for-photography. For example, venture capitalists often rely on VDRs when reviewing company documents in connection with investing and funding processes. Investment banking processes such as IPOs and Capital Raising require a lot of documentation exchanges, which are well suited to virtual data review.

A VDR allows several bidders to conduct their due diligence at once, making the process faster than a physical meet-up. The ability to reach a larger audience of potential buyers will increase the likelihood of a deal being finalized faster than if it were conducted with only a few investors.

A VDR can also save time and money by eliminating the need for photocopies and indexing. And because it is possible to access a VDR from anywhere, it can save on travel costs. VDR vendors like Ellington tout lower up-front costs and the fact that they can be used by all bidders at the same time.

Security is important for any technology system. Look for platforms that offer a fence view feature to prevent unwanted glances. They should also provide multi-factor authorization, IP-restricted users access and a history of page-bypage document viewing. Make sure that the solution adheres to SAS 70 and encrypts PDF files. Check if the vendor offers a variety project templates and customizable branding.

Leave a comment

Your email address will not be published. Required fields are marked *