How to Spot a Legitimate Virtual Data Room Review

You’ll likely come across VDR reviews in your research, whether you are an advisor to clients or a member of an M&A team. Some reviews are genuine and others are fake. They’re either made to promote a particular company or to discredit them. You can save yourself a lot of time and money by learning to differentiate between genuine and fake virtual data rooms reviews.

The right VDR can help you meet your M&A due diligence goals and other delicate transactions without the need for a physical meeting. It can also help you avoid the expense and travel time of the need for a meeting. The best virtual datarooms offer special templates for various projects, and include tools to simplify collaboration and sharing of documents. They also provide a range of security features to prevent sensitive information from being shared, for instance a fence view feature that hides parts of a file to stop screenshotting.

Some vendors go above and beyond the basic cloud storage software to help with due diligence by offering features such as in-app chat and chat, phone, and email multilingual support dedicated teams and managers, and product videos. These are things that the majority of providers don’t prioritize, but they can be critical to the success of an agreement.

The top VDRs include a variety of AI functions that can boost efficiency, improve accuracy and improve the user experience. For example, DFIN’s Venue brings all your digital tools into one and lets you see an organized folder structure. It is able to automatically index and organize documents for easy search, and its executive suite allows you to view all active projects in a single glance. You can also control access to the system using a single sign-on and revoke credentials when someone quits the business.