Connect Your Online Data Room With eSignature and Document Creation Software

An online data room is a digital platform that lets businesses can share and store confidential documentation during M&A deals. These platforms typically provide specific permission settings, security measures like two-factor authentication as well as data encryption, and features that make it easy administrators to track and monitor the activity of documents. These virtual platforms also include an audit log so users can track who’s viewed documents, what they’ve done with them, and when they content did so.

The majority of VDRs have a user-friendly interface and authorized users are able to access them at any time. However, storage capacity and features vary among providers. Make sure your chosen provider has enough space to complete your due diligence process and have comprehensive technical and product support.

For instance, Digify prioritizes security with features such as dynamic watermarking and shielding. It also encrypts documents, and gives an audit report of all activities within the platform. Digify can also permit users to restrict access based on IP address and time. These features allow administrators to have more control over their due diligence process.

A VDR can help a company increase its chances of success in an M&A deal by allowing investors with access to the world. It also helps them negotiate a higher price for the company that they would otherwise be able to get.

However, too much information can make it difficult to make a decision particularly if you find it difficult to understand. Luckily, PandaDoc can help you streamline your M&A process by connecting your online data room to the eSignature software and document creation software. Find out how by booking an appointment for a demonstration today.