A digital data room is an online platform for managing, storing and sharing sensitive documents. It provides users with secure and easy to navigate interface for examining documents. It is perfect for business due diligence as well as mergers and acquisitions and capital raising.

A virtual data room can be beneficial for M&A due diligence because it provides a centralized location for the sell-side to look over documents. The sell-side should be able view many documents, including financials in detail as well as legal contracts and other sensitive information. This is particularly important because deals can be destroyed in the event that crucial information is released to competitors.

It’s important to check the support and customer experience before selecting a see post VDR. It’s not uncommon for customers to have specific requests or requirements specific to their situation, so it’s important that the vendor has a good technical and product support team. Choose a provider that offers several support channels like email, phone and live chat. It is also important to confirm that they offer a range of languages, as some international customers might require assistance in their native language.

VDRs are a popular choice for M&A due diligence, as they give a professional initial impression and come with features not available in free file-sharing tools such as encryption and auditing capabilities, watermarking and multi-user access controls. They are also extremely flexible, with the ability to be configured for a variety of projects. They can be configured to include NDAs as well as folder structures, or to customise the look of a particular project.