Investors are able to share all types of startup documentation using the virtual data room. This includes contracts, permits and licenses financial statements, intellectual property and much more. This saves investment bankers time and effort and allows them to conduct due diligence more efficiently. This boosts demand and improves value by speeding up transactions and expanding the number of interested parties.
A VDR can be an effective tool for investment banks, especially in M&A cases. Investment bankers can determine the those interested in a deal by observing the views of documents and user activity. This allows them to decide the best time to the deal to be completed. They can also utilize the fence view feature of a VDR to share partial documents with external parties without compromising sensitive information.
Another crucial aspect for investment banks is a specific level of document access rights. This allows them limit the access to view or edit certain documents to ensure that only authorized individuals are able to access sensitive information. VDRs allow administrators to set an expiration date and time to ensure that outdated files are automatically deleted.
Lastly, a good VDR for investment banking needs to offer an easy-to-use interface, and be reliable and compliant. This is particularly crucial for investment bankers who need to adhere to strict compliance requirements. A reliable VDR offers an extremely secure and reliable platform for collaboration, both internally as well as externally. It also offers 24/7 assistance. A great example of a highly-reliable VDR is Intralinks, that has received glowing user reviews and offers advanced collaboration capabilities. It boasts a wide range of security protocols like encryption of communications and data and two-step logs. It also has an independent infrastructure and hosting centers.