traditional document management technology

VDR software provides a safe, encrypted environment to share sensitive files with a variety of parties. It is often used for M&A due diligence, but it can also be used for fundraising, bankruptcy procedures as well as other business transactions that call for document sharing. It is essential for advisors to be aware of ways they can utilize VDR technology to improve client outcomes.

Requesting performance and reliability information is essential, just as it is with any other tech stack. Look for details on average uptime, interruptions, and delays. It’s recommended for you to check third-party certifications like SOC. These provide independent verification that a VDR partner has taken all the necessary steps to safeguard customer data.

A good VDR will also offer professional customer service via a variety channels. You can find live chat on the app, as well as phone and email support that is available in several languages, as well with training videos, dedicated teams, and managers. In contrast to physical data rooms, most modern providers are available all hours of the day.

Consider how the VDR was developed with the needs of your client in mind. Does it have a clear, intuitive user interface? Does it allow bulk uploads and downloading? Does it allow you to quickly access the most commonly used documents and search for specific words? These features can make your clients experience less stressful and save them hours during the deal.