They are certified suppliers who offer secure cloud software including document repositories. They meet the digital standards required to store documents for business online. They provide advanced security features, like access control for permissions that are granular, and allow collaboration between team members and external partners. They are essential for due diligence, mergers, acquisitions, fundraising, and many other reasons.
A good VDR has an intuitive user interface that is easy to navigate and a mobile application that makes it easy for users to navigate, upload files and find information quickly. They also will have numerous support resources, including training materials, FAQs, and an in-house customer service team that can assist with any questions or issues. Depending on their plan they might provide live chat or email support. They could also be available during normal business hours or even 24/7.
Certain VDR providers have a specific focus on specific industry needs. Intralinks is one example. It offers unique features to companies in the biotech and pharmaceutical industries. Another example is CapLinked, which specializes in M&A transactions for www.info-de-gestion.fr/2020/06/16/competences-de-gestion-dequipe/ mid- to large-sized businesses. Other VDR providers like DataSiteOne, Firmex and others have extensive experience in facilitation of M&A transactions for Fortune 500 companies. Others, like Ansarada are experts in international transactions.