They are certified vendors who offer secure cloud services that includes document repositories. These providers comply with the digital standards required to keep documents for business use online. They provide advanced security, such as an extensive control of permissions and allow collaboration between team members as well as external parties. They are a necessary tool for due diligence as well as mergers and acquisitions (M&A) and fundraising and many more.

A good VDR provider will offer a simple, easy user interface as well as a mobile application that makes it easy for users to navigate https://info-de-gestion.fr/2021/07/16/ameliorez-les-competences-de-gestion-dequipe-grace-a-des-salles-de-donnees-virtuelles/ the platform to upload files, as well as find information quickly. They also offer a variety of support resources, such as FAQs, training materials, and a team of customer service representatives who are able to help with any problems or questions. Depending on the plan, they can offer live chat or phone assistance, and be accessible anytime during business hours or 24 hours.

Some VDR companies have a specialization in specific industry needs. Intralinks, for example, provides unique features for companies operating in the biotech or pharmaceutical industries. CapLinked is another example, which is specialized exclusively in M&A transactions involving mid-to-large-sized companies. Other VDR providers like DataSiteOne, Firmex and others have vast experience in facilitation of M&A transactions for Fortune 500 companies. Others, like Ansarada are experts in international transactions.