When conducting due diligence, companies look over a range of documents. This includes financial statements as well as cap tables, lists of shareholders, intellectual property, employee records and other sensitive information. If any of these files fall into the wrong hands they could harm a business’s reputation and attract unwanted media attention. The good news is that due diligence’s virtual data room in the telecommunications industry makes it easy for teams to share these sensitive documents via the internet.
The best due diligence VDR has an easy-to-use interface that is ideal for anyone in the room regardless of their computer knowledge or experience. The VDR should also have easy communications tools that allow audio and video calls to ensure the deal progresses quickly.
Information that is private and sensitive should be secured by an additional layer of security. It is essential to locate an VDR with built-in features for controlling versioning and security settings for documents that stop documents from being downloaded or printed without permission.
To lessen the risk of leaks of sensitive information, the best due diligence virtual data rooms offer advanced activity tracking. Administrators can view the files that users have accessed and when they did so. You can also prevent users from modifying or deleting files after they’ve been used. All of these features are essential to any dealroom, and particularly M&A due-diligence.