A virtual dataroom can help make the M&A or Biopharma deal-making process much more smooth for everyone. However, before a broker or advisor decides to recommend a VDR treatment to their clients, it’s crucial to know its pros and cons. Comparing VDR providers is also a good idea on their websites as well as on comparison websites. This helps to make a better understanding of the features each vendor offers. Many vendors provide an array of features that allow customers to get the full picture without having to call support.

Some of the most beneficial features include strong encryption both during transit and in rest, custom watermarks, and remote shred. These security measures will help keep hackers from accessing sensitive information. Other features can include granular user permissions and two-factor authentication. There are other features that keep the administrator updated on the activity. For instance fence view can stop an authorized user from secretly taking photos of documents on the screen, or peeking over a colleague’s shoulder.

The best virtual data room providers provide 24/7 customer support via multiple channels such as email and telephone. This allows quick response regardless of the time of day or in what language the customer speaks. Many providers include additional services with their data room software that can save clients money. These additional services can be worth the price when the client is trying to attract attention or boost efficiency in their company.