A virtual data room (VDR) can be used to share all kinds of startup documentation with investors. This includes contracts, licenses and permits, intellectual property information financial statements and more. This allows investment bankers to reduce time and effort conducting due diligence more efficiently. This accelerates transactions and expands the pool of interested parties which increases demand and the value.
A VDR can be a useful tool for investment banks particularly in M&A cases. Investment bankers can determine the those interested in a deal by observing document views and user activity. This allows them to determine the ideal time for completion. They can also make use of a VDR’s fence view feature to share documents that are not complete with external parties without compromising sensitive information.
A high-level of access rights to documents is a further important aspect of investment banks. This allows them limit who can access or edit specific documents to ensure only authorized persons have access to sensitive information. VDRs allow administrators to set a specific date and time for expiration of documents to ensure that old documents are deleted automatically.
A great VDR should be easy to use and reliable as well as in compliance. This is particularly important for investment bankers who need to adhere to strict compliance standards. A good VDR offers an extremely secure and reliable platform for collaboration, both internally as well as externally. It also provides 24/7 assistance. Intralinks is a good example of a reliable VDR. It has received positive reviews from users and comes with advanced collaboration tools. It boasts a wide range of security protocols including encryption of communications and data two-step logs as well as independent infrastructure and hosting centers.