VDR software provides a safe and encrypted environment for sharing sensitive documents with a variety of parties. It is commonly used during M&A due diligence, but it can also be used to aid in bankruptcy procedures, fundraising and a variety of other business transactions that require document sharing. It’s crucial for advisors be aware of ways they can make use of VDR technology to improve client outcomes.

The need Secure Data Rooms to obtain reliability and performance information is essential, just as it is with any other tech stack. It is important to look for data on the average of their time to uptime, interruptions and delays. In addition, it’s a good idea to check for third-party security certifications such as SOC. These certifications offer independent proof that the VDR partner has taken all the steps to safeguard customers’ personal information.

A quality VDR will also offer professional customer support through various channels. Look for live chat within the app, phone or email assistance that is available in a variety of languages, along with training videos, dedicated teams, and managers. Modern providers are accessible all hours of the day and seven days a week.

Consider how the VDR was developed with the needs of your client in mind. Does it have an easy-to-use, clean user interface? Does it support bulk uploads and downloads? Does it have an option to quickly access the most popular documents and search for specific terms? These features can make your customers’ experience much less stressful and help them save time during the transaction.