VDR providers are certified suppliers of secure cloud-based software and document repository systems that meet the digital standards required to store business documents in an online environment. They offer advanced security features, like access control for permissions that are granular, and facilitate collaboration between team members and other external parties. They are a necessary tool for due diligence in mergers and acquisitions (M&A), fundraising, and many more.
A good VDR will have a simple user interface that is easy to navigate, as well as an app that is mobile-friendly, making it simple for users to navigate through the interface, upload files, and locate information quickly. They will also provide numerous support resources such as FAQs or training materials, as well a team of customer service representatives who are able to assist with any problems or questions. Based on their plans they might provide live chat or email support. They may also be available during normal business hours, or even 24/7.
Some vdr companies have a specialization in specific industry needs. Intralinks, for example, offers unique features to businesses in the biotech or pharmaceutical industries. CapLinked is another example, specializing exclusively in M&A transactions involving mid-sized to large-sized firms. Other VDR providers like DataSiteOne, Firmex and others have extensive experience in the facilitation of M&A transactions for Fortune 500 companies. Others, like Ansarada are skilled in aiding businesses in international transactions.