It is crucial to understand how a virtual space works, whether you are preparing to do an IPO, contemplating an M&A, or selling. VDRs are a vital tool for negotiating deals. They provide security, usability and accessibility that traditional collaboration platforms can’t meet.
The VDR allows companies to securely share large volumes of documents in a safe environment with potential investors, buyers and partners. With the use of granular permissions administrators can set access and capabilities on a per-user basis. You can restrict the ability to print, download and change the name of documents. You can also monitor the user’s activity down to the level of a page, and keep an audit trail.
You can import existing documents into the VDR from storage platforms such as Google Drive, One drive and Dropbox. This can save you time and ensures that all the relevant information is readily available for the due diligence process. It also helps you avoid redundancies or omissions in the process. Digify’s VDR also provides a secure and simple method to conduct Q&A sessions with key stakeholders during the due diligence process. This will ensure that any queries are answered quickly and efficiently, thus speeding up the process of closing.
In inviting users from outside to view the VDR, it’s important to consider their needs and the way they would prefer to work with the document. Some users will require total access to documents, while others may require only limited access. For instance, lawyers might need free access to the corporate records of the company and investors might need to look over financial statements, business plans and other documents related to the investment.