VDR providers are certified suppliers of secure cloud-based software and document repository systems that conform to the requirements of digital standards to keep documents for business in an online environment. They offer advanced security features, including the ability to control permissions in a granular manner, and allow collaboration between team members and external partners. They are crucial for due diligence and mergers, acquisitions fundraising, and for many other purposes.
A good VDR provider will have a clear and intuitive user interface and a mobile application that makes it easy for users to navigate the platform, upload files, and find information quickly. They also will have numerous support resources, such as training materials as well as FAQs and a customer service team who can assist with any issues or queries. Depending on their plan they might provide live chat or email support. They may also be available during normal business hours, or 24 hours a day.
Some VDR companies have a particular focus on the needs of specific industries. Intralinks is one example. It offers boost online records management unique features to companies in the biotech or pharmaceutical industries. Another example is CapLinked which specializes in M&A transactions for mid- to large-sized companies. Other VDR providers like DataSiteOne, Firmex and others have vast experience in the facilitation of M&A transactions for Fortune 500 companies. Still others, like Ansarada are proficient in assisting businesses with international transactions.
