The Benefits of Virtual Data Review

VDRs are used most often to facilitate M&A transactions, but they can also be used for other business processes that involve confidential data. For example, venture capitalists often rely on VDRs when reviewing company documents in connection with investing and funding processes. Virtual data review is also a good fit for investment banking processes, such as capital raising and IPOs.

A VDR allows multiple bidders to conduct due diligence simultaneously, making the process much faster than a physical meeting would be. By casting a wider net of potential investors, it is more likely that a deal can be finalized quicker than if the process was conducted with a limited number of investors.

In addition, a VDR eliminates the cost of photocopying and indexing, which can be time-consuming. VDRs are accessible from anywhere and can save travel costs. VDR vendors like Ellington boast lower upfront costs, and the ability to use the VDR by all bidders simultaneously.

Security is paramount in a VDR, as it is with all technology systems. Look for a VDR platform that has a fence-view option to prevent unwanted glances, multifactor authentication, IP restricted user access, and a page-by-page history of document viewing. Make sure the solution is SAS 70-compliant and that data in PDF files are encrypted. Check if the vendor offers a variety project templates https://howtobeaphotographer.org/top-5-instagram-alternatives-for-photography/ and customizable branding.