How to Spot a Legitimate Virtual Data Room Review

You’ll likely see VDR reviews during your investigation, whether you’re an advisor to clients or part of an M&A team. Some reviews are genuine while others are fake. They are either done to promote a particular company or to discredit them. Understanding how to distinguish genuine from fake virtual data room reviews can save you a great deal of frustration and expense.

The right VDR can help you achieve your goals in M&A due diligence and other sensitive business transactions, without the cost of physical meetings or the time lost from traveling. The best virtual data rooms offer customized user interface templates that can be used for different projects, and they have tools to streamline collaboration and document exchange. They also have a variety of security features that prevent sensitive information from being shared, for instance fence view, which conceals a portion of a file to prevent screenshotting.

Some vendors even go beyond basic cloud storage software to help with due diligence with features like in-app chat and chat, phone, and email multilingual support dedicated teams and managers and product videos. The majority of providers don’t give importance to these features but they are essential for an effective deal.

The top VDRs also include a variety of AI functions that can create huge efficiencies, drive increased accuracy, and make the user experience more enjoyable. For instance, DFIN’s venue combines all your digital tools into one system and allows you to view a unified folder structure. It is able to automatically index and organize documents to facilitate searching and its executive suite lets you to view all current projects at a glance. You can also control access with single sign on and revoke credentials when someone quits the company.