Cloud storage applications and free file sharing services are great for sharing files, but they don’t provide the security and access permissions needed for sensitive data exchanges like M&A due diligence and capital raising. These tools lack the professionalism needed to impress LPs and investors, and they aren’t able to provide the flexibility that dedicated data rooms provide.

Although the cost of premium virtual data rooms can seem expensive but it’s worth it to ensure that your private data is safe during any transaction. SMEs can benefit from the savings potential of a VDR while big corporations rely on premium capabilities for their M&A due diligence and capital raising.

Selecting a VDR service that comes with extensive security measures ensures that your data is secured from physical and cyber threats, even after the project has been completed. For instance data rooms that have fence view features allow admins to remotely erase and lock data from lost or stolen devices. Moreover, physical data centers are secured by 24-hour surveillance web and access control policies that are restricted.

Many VDR providers also provide advanced customer support to help answer questions and assist users with setting up the solution. The majority of vendors offer email support, but some offer concierge services. Furthermore, many vendors allow you to modify the interface along with the terms of service, as well as other visual elements to align with your brand. This allows all stakeholders to understand and follow the protocol throughout the data exchange.