If you are considering a virtual data space (VDR) for your M&A transaction or other business process that requires secure document sharing, make the time to read customer testimonials and reviews on third-party websites. They will provide helpful insight into the VDR vendor’s response time, amount of experience in supporting processes similar to yours, and whether they know your industry and the specifics of your specific company. Check if the vendor offers time-saving features, such as “favorites” and endless scrolling, and other proprietary tools that let you swiftly browse and look over folders and documents. These features can help speed up the process of due diligence.
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