Modernizing your VDR is not just good for clients but can also save advisors and their teams time and stress. For advisors accustomed to working with older bulky systems, a quick examination of the latest VDR can make the whole due diligence process more simple and efficient. Modern systems have features like “viewing as” and user permissions that are simple to use and a search feature that allows for more precise searches, and an interface with a brand-name look and feel.

Additionally, it’s essential to find a vendor that provides an open file system that can be interpreted logic with multiple levels of access, and control of document versions. This allows users to find what they’re looking at quickly, without having to waste time exploring a crowded Dropbox drive. Other features that help with due diligence include a tool for Q&A that makes it easy for users to talk to each to avoid asking questions via dataroomsystems.blog email, which can be misinterpreted or missed in the flood of emails every day that buyers receive.

The capability to create workspaces and folders for projects and track activities with detailed audit trails, and restrict access to viewing helps maintain an extremely high degree of transparency throughout a crucial transaction. Watermarking, fence-views, encryption and 2-factor authentication are among the features that keep your documents safe and secure. Many VDR providers offer a no-cost trial to customers to test how the platform works in the real world, and can always provide a complete demonstration of the product to clients, if needed.