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A virtual data room can make the M&A and Biopharma dealmaking process a lot easier for all involved. Before a broker or advisor suggests one to their client, it’s important to know the pros and cons. It is also a good idea to compare VDR providers on their own websites and through comparison websites. This will help you comprehend the features that each vendor offers. Many vendors include a list of their features that allow users to view the full image without having to contact customer support for more information.

Some of the most beneficial features include secure encryption in transit and at rest, custom watermarks, and remote shred. These security measures can deter hackers from gaining access sensitive information. Other features include granular authorizations for users as well as two-factor verification. There are other features that keep the administrator updated on the activity. Fence view, for example stops an authorized user from secretly photographing documents or peering behind the back of a colleague.

The best virtual data rooms provide 24/7 customer service via multiple channels including email and telephone. This allows for quick responses regardless of what time or in what language the customer speaks. Additionally, a lot of providers offer additional services that save the client money if they are included with the software for data rooms. These extras could be worth the price if the client is attempting to get attention-grabbing deals or boost efficiency in their organization.