How to Choose a VDR Vendor

VDR (virtual room) is an online repository of data that can be accessed by multiple users. It has a highly controlled access. It is an excellent tool for mergers, acquisitions, due-diligence procedures and other business operations. It has a lot of advantages, like increased efficiency and collaboration. It’s easy to use and doesn’t require additional equipment.

It is crucial to choose a vdr that will fit into your organization’s workflow, and that is compatible with existing software that your team may be using. Also, look for a VDR that has an easy-to-use interface that can be accessed from any device. It is also important to consider features that make it easier to upload and arrange your files, for instance the drag-and-drop upload and bulk uploads that have hierarchical tags, auto-renumbering and Q&A messaging.

Take note of whether the VDR vendor you select has a good track record. There are internal reviews on their website, as in addition to third-party reviews on platforms such Trustpilot, Software Advice or Glassdoor. It is worth taking the time to look through these reviews can aid you in determining if your chosen VDR provider is a good choice for your business.

Intralinks for instance, is trusted by thousands of companies worldwide to provide safe and effective collaboration and due diligence in M&A transactions. Learn more about our industry-leading solutions and schedule a no-cost demonstration.